BitcoinBitgo and Zksync Partner to Support Institutional Tokenized Deposits...

Bitgo and Zksync Partner to Support Institutional Tokenized Deposits – News Bytes Bitcoin News

-


On March 25, 2026, Bitgo and Zksync announced a strategic partnership to integrate institutional custody and wallet services with Prividium, a privacy-preserving blockchain platform. This collaboration enables regulated financial institutions to manage digital representations of traditional bank liabilities within a secure framework.

The partnership provides banks with a unified technology stack to modernize treasury operations and payments without moving funds outside the existing banking system. This infrastructure supports always-on settlement and programmable money movement while maintaining strict compliance with current regulatory oversight.

The joint infrastructure is currently undergoing testing with several regulated financial institutions. Both firms indicate that the platform is progressing toward broader production deployment, which is expected to occur by the end of 2026.

“This partnership combines Bitgo’s infrastructure with Zksync’s privacy-preserving network to give banks a practical path to modernize settlement and treasury operations,” said Chen Fang, Chief Revenue Officer at Bitgo.

🧭 FAQs

What are tokenized deposits in this banking context? They are digital representations of traditional bank liabilities managed on a blockchain.

Where is this new infrastructure being tested? Regulated financial institutions are currently testing the platform in their local jurisdictions.

When will the platform be available for full use? Broad production deployment for banks is scheduled for the end of 2026.

How does Prividium protect institutional banking data? It utilizes a privacy-preserving network designed specifically for the needs of regulated institutions.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Crypto traders consider lawsuits after $600B market meltdown

Crypto experienced 1.7M forced liquidations and a $600B market-wide crash on October 10. Now, traders are considering lawsuits. Source...

Anduril’s Real War Is With Itself

One lesson on wrangling equipment arrived within months. A recently hired maintenance technician trying to clean out a...

‘Most Incompetent Freeze:’ ZachXBT Slams Circle as Wallet Ban Begins to Unravel

ZachXBT revealed Circle restored access to one wallet, which has fueled criticism that its freeze lacked transparency and...

Advertisement

Chainlink (LINK) Price Today: Live Data & Market Overview

Chainlink bridges the gap between blockchain smart contracts and real-world data, making it a cornerstone of decentralized finance...

Changpeng Zhao accused of boosting fraudsters on X

Zhao has interacted with at least four sketchy crypto accounts on X, one of which faked how much...

Must read

You might also likeRELATED
Recommended to you