BitGo, ZKsync build tokenized deposit infrastructure to bring banks onchain
BitGo and ZKsync are collaborating to create infrastructure for tokenized deposits, enabling banks to use blockchain while maintaining regulatory compliance.Summary
BitGo and ZKsync are partnering to launch a full-stack infrastructure designed to help banks issue, transfer, and settle tokenized deposits on blockchain rails while adhering to regulatory requirements. This joint offering integrates BitGo’s institutional custody services with ZKsync’s Prividium, a permissioned, privacy-preserving blockchain tailored for regulated entities. The goal is to allow financial institutions to leverage programmable payments and blockchain technology without needing to develop complex onchain architecture internally. Tokenized deposits are seen as a way for banks to keep funds within the existing regulatory system while exploring blockchain benefits. The combined platform is currently in testing with regulated institutions, with a wider production launch anticipated later this year.
(Source：CoinDesk)