Overview
- The partnership delivers a full-stack platform that pairs BitGo’s custody and wallets with ZKsync’s permissioned Prividium network, now in pilots with regulated institutions ahead of a broader rollout later this year.
- Tokenized deposits are onchain versions of bank account balances that stay on a bank’s balance sheet, unlike stablecoins that sit outside most banks’ ledgers.
- The stack is built for 24/7 operations with instant settlement, and it supports programmable payments that can trigger automatically when set conditions are met.
- Prividium is a privacy-preserving, permissioned Ethereum Layer 2 designed for regulated use, which lets banks issue, transfer, and settle tokens without building their own blockchain systems.
- Matter Labs’ CEO Alex Gluchowski says this is how banks bring money onchain without leaving the regulatory system, reflecting a broader move by crypto vendors to package plug-and-play, compliance-first rails for traditional finance.