BitGo Partners with ZKsync to Build On-Chain Tokenized Deposit Infrastructure for Banks

Crypto custody leader BitGo has announced a strategic partnership with ZKsync, a leading ZK-rollup platform, to develop a tokenized deposit infrastructure. This initiative aims to bridge traditional finance (TradFi) with decentralized finance (DeFi) by enabling banks to move assets on-chain securely and efficiently. The collaboration will leverage ZKsync's zero-knowledge proof technology for scalability and low costs, combined with BitGo's institutional-grade security and regulatory compliance. The goal is to create a seamless framework for financial institutions to tokenize deposits, facilitating new on-chain financial products and services. This move is seen as a significant step towards mass adoption of blockchain technology by the traditional banking sector.