US regional banks are building Cari Network, a ZKsync-based tokenized deposit platform. Participating banks include Huntington, First Horizon, M&T, KeyCorp, and Old National. Cari Network will tokenize customer deposits for instant interbank settlement within a regulated framework. Tokens remain bank deposits, subject to regulations & FDIC insurance. Aiming for a 24/7 payment solution like stablecoins, the project launches in 2026 & is currently testing token issuance, transfer, & redemption. This marks a key step in integrating decentralized tech with traditional banking for better efficiency & liquidity.
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