BitGo, ZKsync Build Tokenized Deposit Infrastructure

BitGo and ZKsync are collaborating to develop new infrastructure for tokenized deposits, aiming to facilitate the integration of traditional banks into the blockchain ecosystem. This initiative, currently in its testing phase, is designed to introduce programmable payment capabilities and streamline the adoption of blockchain technology for financial institutions. The goal is to create a more efficient and accessible pathway for banks to leverage distributed ledger technology, potentially unlocking new avenues for financial services and asset management onchain.