Banks to Receive Regulated Infrastructure for Deposit Tokenization
Traditional banking institutions will gain access to a ready-made suite of infrastructure tools for working with tokenized deposits, fully compliant with regulatory requirements.
BitGo and ZKsync announced a partnership to develop a launch-ready infrastructure for tokenized deposits aimed at traditional banks. The solution combines institutional-grade asset custody, wallets, and private blockchain settlements conducted in line with regulatory standards.
Under the partnership, ZKsync will provide Prividium, a privacy-preserving, permissioned blockchain within the Ethereum ecosystem, while BitGo will deliver institutional custody services, wallets, and regulated digital asset solutions. As a result, banks will receive a complete toolkit for issuing, transferring, and settling tokenized deposits without the need to build complex systems from scratch.
Tokenized deposits enable 24/7 settlements and automate the movement of funds, while keeping money within the banking system and aligned with existing regulatory frameworks. According to the press release, this solution is particularly important for modernizing payments and treasury operations, where control, security, and regulatory compliance are critical.
BitGo emphasizes that financial institutions need more than just a blockchain platform. They require a full-fledged infrastructure for real-world use, including custody, wallets, and secure private settlements. ZKsync adds that tokenized deposits allow banks to move funds into a blockchain environment without stepping outside regulatory boundaries.
The joint infrastructure is already being tested with the participation of regulated financial institutions and is expected to reach broader industrial deployment by the end of the year.
BitGo continues to expand access to digital assets. In February 2026, the company acted as the issuer and primary custodian of the FYUSD dollar stablecoin by New Frontier Labs, targeting institutional clients in Asia. A year earlier, it launched its own institutional-grade OTC trading platform with access to over 250 digital assets, offering not only spot trading but also derivatives, lending, yield products, and instant settlement capabilities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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