BitGo partners with ZKSync to build deposit token infrastructure

Cryptocurrency infrastructure firm BitGo has partnered with ZKSync to integrate blockchain technology, enabling banks to issue and settle deposit tokens within existing regulatory frameworks. According to CoinDesk, the project combines BitGo's institutional custody and wallet services with Prividium, ZKSync's private blockchain infrastructure for institutions. The initiative aims to allow banks to issue, transfer, and settle deposit tokens while maintaining compliance and control. The technology is currently being tested with regulated financial institutions, with a broader commercial launch planned for the second half of this year.