According to the companies, BitGo and ZKsync are testing a full-stack tokenized deposit infrastructure for banks that combines custody, wallets and permissioned-chain settlement, with production targeted later this year.
In an official announcement, BitGo and ZKsync said they have partnered to provide full-stack infrastructure for banks to issue, transfer and settle tokenized deposits. The offering combines BitGo’s custody and wallet services with ZKsync’s Prividium permissioned chain. The companies said the solution is currently in testing and is expected to enter production later this year, extending the previously announced bank-focused tokenized deposit initiative with added detail on the underlying infrastructure.