BitGo and ZKsync build tokenized deposit rails on Prividium to bring banks onchain
Coindesk •
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Promote with Leviathan News$779B in combined assets across Huntington, KeyCorp, M&T, First Horizon, and Old National — and they picked a permissioned ZK chain with zero DeFi composability. This isn't banks "going onchain," it's banks building a parallel settlement layer that borrows ZK rollup tech to keep deposits FDIC-insured and off Circle's balance sheet. Q3 pilot timing lines up with the stablecoin bill moving through Congress — if that passes with bank-friendly provisions, Cari's tokenized deposits become the regulatory moat against USDC eating their float revenue.
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More coverage
- ZKsync and BitGo Roll Out Tokenized Deposit Rails for Banks (cryptoninjas.net)
- Tokenized Deposits - ZKsync.io (zksync.io)
- Cari Network launches tokenized deposit platform on ZKsync's ... (thedefiant.io)
- Bitgo and Zksync Partner to Support Institutional Tokenized Deposits (news.bitcoin.com)
- RT @BSCNews: CRYPTO: BITGO PARTNERS WITH ZKSYNC TO ... (x.com)
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