BitGo and zkSync Partner to Build Tokenized Deposit Infrastructure for Banks

According to the source, the collaboration aims to bring banks on-chain through tokenized deposit infrastructure built with zkSync (Ethereum scaling technology).

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Tokenized deposits: Bank deposit liabilities represented on a blockchain, allowing regulated institutions to move traditional money in digital token form.
  • zkSync: An Ethereum scaling network that uses zero-knowledge technology to process transactions more efficiently.
  • On-chain: Recorded directly on a blockchain, making transactions or assets visible within blockchain-based systems.