Published Mar 17, 2026 · CoinDesk
Five US regional banks are building the Cari Network on ZKsync — tokenized deposits with stablecoin-speed settlement, FDIC-insured and fully within the banking system.
A group of US regional banks — Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, and Old National Bancorp — is developing the Cari Network, a tokenized deposit platform built on Prividium, a private permissioned blockchain by Matter Labs running on ZKsync, targeting a 2026 rollout as banks test issuance, transfer, and redemption of digital deposits that stay on balance sheet, remain FDIC-insured, and move instantly between institutions around the clock — offering stablecoin-like speed within the regulated banking system.
BitGo and ZKsync are teaming up to offer banks a full-stack infrastructure for tokenized deposits, as financial institutions look to bring traditional money onto blockchain rails without stepping outside regulatory boundaries.
Cari Network picks ZKsync's Prividium to power tokenized deposits for US regional banks — enabling 24/7 settlement while keeping deposits on balance sheet.
