BitGo and ZKsync Partner to Develop Tokenized Deposit Infrastructure for Banks

BitGo and ZKsync are teaming up to offer banks a full-stack infrastructure for tokenized deposits, combining institutional custody and a permissioned blockchain to enable programmable payments and simplify blockchain adoption for financial institutions. The joint offering, now in testing, aims to maintain compliance and control while allowing banks to issue, transfer, and settle tokenized deposits within existing regulatory frameworks. The move reflects a growing trend among crypto infrastructure firms to court banks by packaging blockchain capabilities into compliance-friendly systems.