BitGo and ZKsync Partner to Launch Institutional Infrastructure for Tokenized Deposits
In a significant move toward bridging traditional finance with blockchain technology, U.S.-based BitGo has announced a strategic partnership with ZKsync to develop an integrated digital deposit infrastructure. The collaboration aims to provide a secure environment for banks to migrate their assets and systems to the blockchain, enabling the issuance and settlement of Tokenized Deposits.
Unlike public stablecoins, these tokenized deposits remain within the regulated banking perimeter, allowing for programmable financial transactions while ensuring strict legal compliance. The project integrates BitGo’s institutional-grade custody and wallet services with Prividium, a permissioned blockchain network by ZKsync (Matter Labs) specifically designed for privacy and regulatory oversight. By offering a "plug-and-play" solution, the partnership lowers the barrier for banks to adopt blockchain without rebuilding their core systems from scratch.