Cari’s tokenized deposit network adds 30+ banks but faces pilot launch and regulatory scrutiny ahead
Cari •
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Promote with Leviathan NewsSouthState’s 1,300-bank correspondent footprint matters more than the 30-bank count, because it gives Cari a channel into community-bank liquidity without onboarding every bank as a first-wave node. Permissioned private chain means no USDC-style composability, so the product lives or dies on corporate treasury settlement, 24/7 issuance, transfer, and redemption across the six-bank pilot. The race is against the big-bank Clearing House/JPMorgan/Citi tokenized-deposit rail targeting H1 2027, not Tether on Tron.
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