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Cari Network Adopts ZKsync Prividium Infrastructure to Build Tokenized Deposit Network for U.S. Regional Community Banks
Deep Tide TechFlow News, March 17 — According to Cointelegraph, Cari Network, a permissioned banking network led by former U.S. Office of the Comptroller of the Currency Director Gene Ludwig, announced the adoption of Prividium infrastructure from Matter Labs to build a bank-led tokenized deposit network for small and medium-sized regional banks in the United States.
The platform is built on ZKsync and anchored to Ethereum, supporting participating banks to issue and transfer tokenized deposits around the clock. These deposits are retained as bank liabilities on the balance sheet and are not freely circulating in the decentralized finance (DeFi) environment. Technologically, Prividium functions as a shared ledger, enabling real-time settlement between verified parties, while separating transaction records from personal identity information, which is stored within each bank’s core systems.