BitGo partners with ZKsync to build tokenized deposit infrastructure for banks

On March 26th, according to CoinDesk, BitGo has partnered with ZKsync to provide banks with a full-stack infrastructure for tokenized deposits, helping financial institutions bring traditional funds to the blockchain without violating regulatory boundaries. The solution integrates BitGo's institutional custody and wallet services with ZKsync's Prividium permissioned blockchain, enabling banks to issue, transfer, and settle tokenized deposits while maintaining compliance and control. This infrastructure is currently in testing and is expected to be available for production later this year.