
Is Ethereum good enough for Wall Street? If history is any guide, the answer is clear
Fortune explores how Ethereum is positioning itself for Wall Street adoption, with ZKsync featured as a key scaling solution discussed at ETHDenver 2026.

Published Mar 10, 2026 · American Banker
Banks seek stablecoin alternatives. Ex-Clinton regulator Eugene Ludwig's startup Cari builds tokenized deposit network offering faster payments with deposit insurance.
Cari, founded by Clinton-era banking regulator Eugene Ludwig, is building a network of tokenized deposits as a bank-friendly alternative to stablecoins. Banks are drawn to the model because it offers faster payments while retaining deposit insurance — and avoids the deposit-drain risk posed by fintech-dominated stablecoins. The main challenge ahead: convincing banks to join a shared network when many are already pursuing their own solutions, similar to hurdles faced by JPMorganChase's efforts.

Fortune explores how Ethereum is positioning itself for Wall Street adoption, with ZKsync featured as a key scaling solution discussed at ETHDenver 2026.

Huntington, M&T, KeyCorp and peers join Cari Network — Eugene Ludwig's blockchain platform — to build tokenized deposits and stay relevant in the digital asset era.