Huntington Bancshares, First Horizon, M&T Bank, KeyBank, and Old National Bancorp announced the launch of the Cari Network, a tokenized settlement platform built on ZKsync’s Prividium stack, on March 17, 2026. The network will allow the banks to settle transactions using tokenized assets that remain FDIC‑insured and classified as bank deposits, providing a stablecoin‑like experience with full regulatory compliance.
The Cari Network is scheduled for a 2026 launch, with a broader production rollout targeted for Q3 2026. The project has received support from industry groups such as the American Bankers Association and the Alliance of U.S. Midsize Banks, underscoring its alignment with regional banks’ efforts to modernize payment infrastructure while maintaining regulatory oversight.
ZKsync’s Prividium technology enables private, compliant execution for financial institutions, offering privacy, auditability, and scalability. By leveraging this Layer‑2 solution, the participating banks aim to reduce settlement times and costs, enhance security, and improve transparency across cross‑border and domestic payments.
Strategically, the initiative positions Huntington and its peers ahead of crypto‑native payment alternatives, allowing them to offer real‑time settlement capabilities without relinquishing FDIC insurance. The move also complements Huntington’s recent acquisitions of Veritex Holdings and Cadence Bank, reinforcing its broader growth strategy in the regional banking sector.
The announcement signals a significant shift toward tokenized banking services, potentially reshaping the competitive landscape for regional banks and setting a precedent for similar collaborations across the industry.
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