ZKsync and BitGo Launch Blockchain-Based Tokenized Deposit Solution

ZKsync and BitGo have introduced a new protocol stack that enables banks to manage tokenized deposits on a blockchain. This integrated system combines secure custody, wallet infrastructure, and private blockchain settlement to provide a compliant infrastructure solution.

The technology is designed for regulated financial institutions and allows banks to maintain control over operations while leveraging the benefits of blockchain. The system is built around Prividium, a permissioned blockchain based on Ethereum that prioritizes privacy and compliance.