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Promote with Leviathan NewsCari Network has launched as a bank-governed tokenized deposit network for U.S. regional banks, using ZKsync’s Prividium as the blockchain infrastructure layer. The project is designed to let participating banks issue and move digital representations of deposits onchain while keeping those balances as regulated bank liabilities rather than stablecoins or non-bank-issued assets. The core context is that Cari is positioning tokenized deposits as a way to modernize payments with 24/7, programmable settlement while preserving existing banking protections, including the deposits remaining on participating banks’ balance sheets and being subject to traditional oversight and FDIC insurance where applicable. ZKsync describes Prividium as a private, permissioned, Ethereum-anchored stack built for regulated institutions, and Cari’s founding bank partners include Huntington, First Horizon, M&T Bank, KeyBank, and Old National, which gives the network credibility as a coordinated regional-bank initiative rather than a standalone crypto product. Why it matters: the launch is part of a broader push by banks to offer faster, always-on digital money rails without ceding payment infrastructure to stablecoin issuers or other non-bank platforms. If adopted at scale, Cari could become a template for how regulated banks bring tokenized deposits into mainstream financial workflows while keeping compliance, auditability, and customer relationships inside the banking system.
AI-generated background, compiled from web sources — not editorial content.
Reuters ·
consensys.io ·
The Block ·
𝕏/@River ·
fdic.gov ·
𝕏/@Crypto_Briefing ·
Reuters ·
consensys.io ·
The Block ·
𝕏/@River ·
fdic.gov ·
𝕏/@Crypto_Briefing ·
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