The partnership integrates BitGo’s institutional-grade custody, wallet infrastructure, and regulated digital asset services with ZKsync’s Prividium, a privacy-preserving, permissioned blockchain platform designed for regulated financial institutions.
Together, the firms plan to provide banks with a secure and compliant foundation to issue, transfer, and settle tokenized deposits (digital representations of traditional bank liabilities) while preserving customer protections, regulatory oversight, and operational control.
Tokenized deposits enable financial institutions to modernize payments and treasury operations without moving funds outside the banking system, offering always-on settlement and programmable money movement aligned with existing regulatory frameworks.
By combining custody, settlement, and privacy-preserving infrastructure into a unified stack, BitGo and ZKsync enable banks to adopt digital asset capabilities without building complex blockchain systems internally.
“Financial institutions are looking for infrastructure that brings the efficiency of blockchain technology into existing banking models without compromising control, security, or regulatory alignment,” said Chen Fang, Chief Revenue Officer at BitGo. “This partnership combines BitGo’s infrastructure with ZKsync’s privacy-preserving network to give banks a practical path to modernize settlement and treasury operations. The result is a secure, institution-ready foundation that integrates with how banks operate today.”
“Tokenized deposits are how banks bring money onchain without leaving the regulatory system. With BitGo, and powered by Prividium’s private infrastructure built for regulated institutions, we’re delivering the foundation required for this transition at scale.” said Alex Gluchowski, CEO Matter Labs.
The joint infrastructure is being tested in collaboration with regulated financial institutions and is progressing toward broader production deployment by the end of the year.
