Several regional banks in the United States are establishing a tokenized deposit network based on ZKsync

PANews
2026.03.17 13:46

PANews reported on March 17 that U.S. regional banks are jointly developing a tokenized deposit platform called Cari Network, which operates on the private permissioned chain "Prividium" based on ZKsync. Participating banks include Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, and Old National Bancorp. The network allows banks to tokenize customer deposits, enabling real-time interbank settlement within a regulated framework, with tokens still recorded as bank deposits and subject to existing regulations and FDIC insurance. The project is planned to officially launch in 2026 and is currently testing the issuance, transfer, and redemption processes of deposit tokens, receiving support from the American Bankers Association, aiming to provide 24/7 payment capabilities similar to stablecoins

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