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BitGo collaborates with ZKsync to build tokenized deposit infrastructure, helping banks achieve on-chain operations
Golden Finance reports that on March 26, BitGo and ZKsync announced a partnership to provide banks with an all-in-one tokenized deposit infrastructure. The solution integrates BitGo’s institutional custody and wallet services with ZKsync’s licensed chain Prividium, designed specifically for regulated entities, enabling banks to issue, transfer, and settle tokenized deposits within a compliant framework.
Unlike stablecoins, tokenized deposits keep funds within the traditional banking system and enable programmable payments. The platform is currently in testing, aiming to simplify blockchain adoption for financial institutions.