Cari Network, a permissioned bank network led by former U.S. Comptroller Gene Ludwig, picked Matter Labs’ Prividium (built on ZKsync and anchored to Ethereum) to power a tokenized deposit system for U.S. regional and mid‑sized banks. The platform lets participating banks issue and move tokenized deposits 24/7 while keeping them on banks’ balance sheets as liabilities. Five banks (Huntington, First Horizon, M&T, KeyCorp and Old National) helped design and test the network; the Mid‑Size Bank Coalition of America supports the model. Prividium separates transaction records from PII held in banks’ core systems to emphasize privacy and on‑chain auditability. ZKsync’s public network has seen declining activity, though its roadmap targets privacy and deterministic control for institutional use; ZKsync’s CEO framed tokenized deposits as complementary to stablecoins.

Positive: Cari selected Matter Labs’ Prividium on ZKsync and five regional banks helped design and test a bank‑governed tokenized deposit system anchored to Ethereum that enables 24/7 issuance while keeping deposits as bank liabilities and separating PII for privacy. Negative/limiting: ZKsync’s public network has seen declining activity, reducing immediate market momentum. The mix of concrete bank participation and existing network headwinds yields modestly positive sentiment and moderate-low trading impact.