PANews reported on March 17th, citing CoinDesk, that several regional banks in the United States are jointly developing a tokenized deposit platform called Cari Network, operating on ZKsync's private permissioned blockchain "Prividium". Participating banks include Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, and Old National Bancorp. This network allows banks to tokenize customer deposits, enabling instant interbank settlements within a regulated system. The tokens remain recorded as bank deposits and are subject to existing regulations and FDIC insurance. The project is planned for official launch in 2026 and is currently testing the issuance, transfer, and redemption processes of deposit tokens. It has received support from a consortium of mid-sized U.S. banks and aims to provide stablecoin-like 24/7 payment capabilities.