|Cointelegraph
Cari picks ZKsync’s Prividium as US regional banks join stablecoin race
Cari Network picks ZKsync's Prividium to power tokenized deposits for US regional banks — enabling 24/7 settlement while keeping deposits on balance sheet.
ZKsync News > U.S. regional banks building t...
Published Mar 17, 2026 · CoinDesk
U.S. regional banks building tokenized deposit network on ZKsync to rival stablecoins
Five US regional banks are building the Cari Network on ZKsync — tokenized deposits with stablecoin-speed settlement, FDIC-insured and fully within the banking system.
A group of US regional banks — Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, and Old National Bancorp — is developing the Cari Network, a tokenized deposit platform built on Prividium, a private permissioned blockchain by Matter Labs running on ZKsync, targeting a 2026 rollout as banks test issuance, transfer, and redemption of digital deposits that stay on balance sheet, remain FDIC-insured, and move instantly between institutions around the clock — offering stablecoin-like speed within the regulated banking system.
Share the article
