Cari, a digital-currency network led by U.S. regional and mid-sized banks, raised $32.5 million in its first external financing round. The round included six design partner banks: Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, Old National Bancorp and SouthState. An earlier account also listed Glacier Bank among the banking investors. Built on an Ethereum-anchored permissioned Layer 2 blockchain, Cari provides shared infrastructure for banks to move funds on-chain and develop programmable financial services. The proceeds will support broader bank participation, system integration and applications involving tokenized deposits and programmable money.