BitGo teams with ZKsync to build tokenized deposit infrastructure to bring banks onchain
Analysis
Price Impact
MedThis partnership between bitgo and zksync focuses on building tokenized deposit infrastructure for banks. while zksync is a layer 2 scaling solution for ethereum, the direct impact on eth's price might be indirect. the development of tokenized deposits could eventually increase the utility and adoption of blockchains like ethereum, potentially boosting demand for eth. however, the immediate price reaction may be muted as the infrastructure is still in testing.
Trustworthiness
MedPrice Direction
BullishThe collaboration aims to bring banks onto the blockchain by creating compliant infrastructure for tokenized deposits. this could lead to increased institutional adoption and greater demand for blockchain services, which would be bullish for related tokens like eth (as zksync is an ethereum l2) and potentially for zksync's native token if it gains traction. the focus on regulatory compliance is key for bridging traditional finance with crypto.
Time Effect
LongThe impact of this news is likely to be felt over the long term as the tokenized deposit infrastructure is developed, tested, and adopted by financial institutions. widespread integration and the subsequent flow of capital onto the blockchain will not happen overnight.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email BitGo teams with ZKsync to build tokenized deposit infrastructure to bring banks onchain Now in testing, the platform aims to enable programmable payments and simplify blockchain adoption for financial institutions. By Margaux Nijkerk | Edited by Stephen Alpher Mar 25, 2026, 8:00 p.m. Make us preferred on Google What to know : BitGo and ZKsync are integrating custody and a permissioned blockchain to help banks issue and settle tokenized deposits within existing regulatory frameworks. The infrastructure, now in testing, aims to enable programmable payments and simplify blockchain adoption for financial institutions. BitGo and ZKsync are teaming up to offer banks a full-stack infrastructure for tokenized deposits, as financial institutions look to bring traditional money onto blockchain rails without stepping outside regulatory boundaries. The effort combines BitGo’s institutional custody and wallet services with ZKsync’s Prividium, a permissioned, privacy-preserving blockchain designed for regulated entities. The joint offering aims to enable banks to issue, transfer, and settle tokenized deposits while maintaining compliance and control. The move reflects a growing trend among crypto infrastructure firms to court banks by packaging blockchain capabilities into compliance-friendly systems—sidestepping the need for institutions to build and manage complex onchain architecture themselves. Tokenized deposits have emerged as a new trend for banks experimenting with blockchain-based payments. Unlike stablecoins, which typically sit outside the traditional banking system, tokenized deposits keep funds within it, potentially enabling programmable transactions without altering existing regulatory frameworks. ZKsync creator Matter Labs is positioning its Prividium network as a bridge between public blockchain innovation and institutional requirements such as privacy and permissioning. Matter Labs CEO Alex Gluchowski said in a press release that tokenized deposits represent “how banks bring money onchain without leaving the regulatory system.” The companies said the combined stack is already being tested with regulated financial institutions, with broader production rollout targeted for later this year. Read more: BitGo, Susquehanna Crypto offering institutional OTC access to prediction markets Ethereum News More For You SBI, Sony back Startale’s $63 million push to expand Japan’s tokenized finance stack By Francisco Rodrigues | Edited by Sheldon Reback 3 hours ago The Singapore-based company builds blockchain tools for financial firms and retail users, including a blockchain for tokenized securities, stablecoins, and a consumer app. What to know : Startale Group closed a $63 million Series A funding round, with investments from SBI Group and Sony Innovation Fund. The Singapore-based company builds blockchain tools for financial firms and retail users, including a blockchain for tokenized securities, stablecoins, and a consumer app. The funding will be used to scale Startale's... Read full story Latest Crypto News Crypto Long & Short: Prediction Markets Don’t Just Forecast Power - They Reshape It 1 hour ago AI agents to help investigators unearth crypto criminals, according to new TRM program 1 hour ago U.S. lawmakers dig into tokenizing securities as Trump ties muddy waters 2 hours ago SBI, Sony back Startale’s $63 million push to expand Japan’s tokenized finance stack 3 hours ago Solana bets on AI agents: Foundation says network is becoming core infrastructure for ‘agentic’ internet 3 hours ago Sky-backed Obex spreads $1 billion across credit, energy and AI assets to expand stablecoin yield 3 hours ago Top Stories Ethereum Foundation prepares for quantum threat with new cryptography roadmap 4 hours ago Circle selloff may be overdone as crypto bill weakens Coinbase edge, say analysts 4 hours ago Gold’s longest losing streak in a century meets bitcoin’s resurgence 9 hours ago Bitcoin’s refusal to fall signals crypto's underlying strength even as war risks linger 8 hours ago Franklin Templeton puts its $1.7 trillion weight behind Ondo to bring 24/7 stock trading to the blockchain 4 hours ago UK political crypto donations banned by Starmer government 5 hours ago