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ZKsync Partners with Five U.S. Regional Banks to Develop Tokenized Deposit Network Cari Network
ChainCatcher News: ZKsync announces collaboration with five U.S. regional banks to develop a tokenized deposit network, Cari Network. Built on Matter Labs’ Prividium platform, it utilizes a privacy-preserving permissioned blockchain infrastructure. Participating banks include Huntington Bank, First Horizon, M&T Bank, KeyBank, and Old National.
Cari Network is positioned as a secure, private, and compliant infrastructure where tokenized deposits are recorded as bank liabilities and qualify for FDIC insurance. The goal is to connect the $8.3 trillion in assets held by regional banks to the blockchain, enabling 24/7 programmable digital currency services.