Cari Network Selects ZKsync-Based Prividium to Build Tokenized Deposit Network for U.S. Regional Banks

According to Cointelegraph, Cari Network, a licensed bank network led by former U.S. Comptroller of the Currency Gene Ludwig, has selected Matter Labs’ Prividium infrastructure to build a bank-led tokenized deposit network for small and mid-sized regional banks in the United States. The platform, built on ZKsync and anchored to Ethereum, enables participating banks to issue and transfer tokenized deposits 24/7, with the underlying deposits recorded as liabilities on the banks’ balance sheets and not freely circulating within decentralized finance (DeFi) environments. Technically, Prividium functions as a shared ledger that facilitates instant settlement between verified parties while separating transaction records from personal identity information, which remains stored within each bank’s core systems.