TechFlow News, March 17: According to a Cointelegraph report, Cari Network—a licensed banking network led by former U.S. Comptroller of the Currency Gene Ludwig—has announced its selection of Matter Labs’ Prividium infrastructure to build a bank-led tokenized deposit network for small and mid-sized regional banks in the United States.
The platform is built on ZKsync and anchored to Ethereum, enabling participating banks to issue and transfer tokenized deposits around the clock. These tokenized deposits remain as bank liabilities on their balance sheets and do not circulate freely within decentralized finance (DeFi) ecosystems. Technically, Prividium functions as a shared ledger that supports instant settlement between verified transacting parties, while separating transaction records from personally identifiable information—which remains stored within each bank’s core systems.
