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Cari Network Launches Tokenized Deposit Platform for Banks

Published 2 weeks, 2 days ago
Description

Cari Network unveils tokenized deposit platform for US regional banks, leveraging ZKsyncs Prividium infrastructure. Led by former US Comptroller of the Currency Gene Ludwig, this permissioned network enables mid-sized lenders to issue and transfer deposits like stablecoins, all while maintaining strict bank governance and compliance rules. Five major banks have collaborated on its design and testing, with the Mid-Size Bank Coalition of America backing the effort. This initiative comes as Congress debates stablecoin rules, positioning mid-sized banks to take charge in the shift to new financial tech.

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