Cari Network has partnered with Prividium to build a tokenized deposit network for U.S. regional banks. Cari, led by former U.S. Comptroller Gene Ludwig, selected Prividium, an infrastructure solution from Matter Labs, for the project. The platform will be built on ZKsync and anchored to Ethereum, signaling a blockchain-based approach tailored to traditional banking use cases.
Designed for regional banks
The network is intended to let banks continuously issue and transfer tokenized deposits. Unlike some digital asset structures that sit outside the banking system, these deposits will remain recorded as liabilities on banks’ balance sheets. That detail suggests the model is being positioned as an extension of conventional bank deposits rather than a separate crypto-native instrument.
Prividium’s infrastructure is designed to enable instant settlement between verified parties. For banks, that could improve the speed of value transfer compared with more fragmented legacy settlement processes. The emphasis on verified counterparties also points to a framework built with institutional controls in mind.
Privacy built into the architecture
A notable feature of the system is its handling of identity data. Personal identifying information will not be exposed on-chain; instead, it will remain inside each bank’s core systems. This approach aims to combine the operational efficiency of blockchain-based transfers with the privacy and compliance requirements that banks must meet when handling customer information.
Overall, the partnership highlights how tokenized financial infrastructure is moving deeper into mainstream banking discussions. By combining ZKsync, Ethereum anchoring, balance-sheet-based deposit treatment, and privacy-preserving identity storage, the project reflects a broader effort to bring on-chain settlement capabilities into regulated banking environments without abandoning existing institutional frameworks.