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BitGo and ZKsync are partnering to provide banks with full-stack infrastructure for issuing and managing tokenized deposits, which combines BitGo's custody services with ZKsync's permissioned Prividium blockchain. The initiative aims to enable banks to implement compliant programmable on-chain transactions while keeping funds within the traditional system. Matter Labs CEO Alex Gluchowski stated that this represents "how banks can move funds on-chain without exiting the regulatory framework." The solution is currently being tested among financial institutions and is planned for broader rollout later this year.