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Regional banks build the Cari Network tokenized deposit platform on ZKsync technology
S&P Global's Q1 2026 stablecoin report spotlights the bank-governed Cari Network, building a tokenized deposit platform on a private ZKsync deployment.
ZKsync News > Sygnum tokenizes Matter Labs’ ...
Published Mar 19, 2024 · Sygnum
Sygnum tokenizes Matter Labs’ treasury reserves in USD 6.9bn Fidelity MMF
Sygnum tokenizes $50M of Matter Labs' treasury reserves onto ZKsync, creating on-chain proof-of-reserves backed by Fidelity's $6.9B money market fund.
Sygnum Tokenizes Matter Labs Treasury on ZKsync
Sygnum Bank is tokenizing $50M of Matter Labs' treasury reserves onto the ZKsync blockchain, issuing security tokens representing units from Fidelity International's $6.9B Institutional Liquidity Fund.
The tokenized reserves create a transparent on-chain "Proof-of-Reserves," marking the first step in Matter Labs' strategy to move treasury reserves on-chain with institutional custodians.
This is also the first project leveraging Sygnum's multi-chain tokenization solution with traditional securities — bridging crypto and traditional finance infrastructure.
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