
Today marks a new chapter for U.S. banking. The Cari Network, developed alongside five regional banks, is building a new platform to bring tokenized deposits onchain. Secure. Private. Within the regulatory perimeter. Powered by ZKsync’s Prividium.
FeDeX
955 posts

@Fedextf
Asset management & Blockchain. Co-founder of @Memento_Bc. Making finance a better place.

Today marks a new chapter for U.S. banking. The Cari Network, developed alongside five regional banks, is building a new platform to bring tokenized deposits onchain. Secure. Private. Within the regulatory perimeter. Powered by ZKsync’s Prividium.

Happy Lunar New Year! 🧧 Wishing everyone happiness, prosperity and success in the Year of the Horse! 🐎



The "Operationalizing Tokenized Funds" report by Project Guardian members has been published today! Covering in detail DAMA 2's architecture and Memento ZK Chain's privacy, compliance and high throughput capabilities for institutional-grade fund tokenization 🏛️ Direct quotes from the report ⤵️ ..."DAMA 2 employs a public-permissioned, multi-layer architecture that combines Ethereum’s security with a Memento ZK Chain zero-knowledge Layer 2 for scalability and privacy, and a Layer 3 app store for plug-and-play asset servicing"... ..."DAMA 2’s MVP has incorporated participating asset and wealth managers inputs"... ..."By embedding regulatory controls, digital identity, and composable compliance into the workflow, DAMA 2 aligns with institutional governance and operational resilience requirements, positioning itself as a scalable, compliance-ready platform for tokenized assets"... ..."DAMA 2 architecture supports integration with compliance functions (e.g., AML, sanctions screening) at both the protocol and application layers, which is increasingly expected by regulators for tokenized financial products"... ..."Tokenized funds are not merely conceptual but operational realities delivering tangible benefits... whilst maintaining the rigorous standards that institutional investors demand"... The report has been jointly developed by Project Guardian members, including: 🔹Deutsche Bank 🔹Baker McKenzie 🔹Citi 🔹Fidelity International 🔹Franklin Templeton 🔹Interop Labs 🔹MAS (Singapore's regulator) 🔹Memento 🔹Schroders 🔹Swift 🔹FCA (UK's regulator) Fund tokenization is moving from pilots to production, and the report positions Memento's market-ready infrastructure as the potential go-to solution to capture the upcoming wave of institutional tokenization adoption, and bring Billions in TradFi funds onchain. 📑 Read full report → memento.news/Guardian_Report $DEXTF






Institutions are flooding into crypto, but they need infrastructure that is streamlined, compliant, and auditable. @zksync Prividium delivers exactly that: compliant, private, and turnkey blockchain infra. Traditional companies need blockchain's benefits but can't expose sensitive information like client data on public chains. Prividium runs as a private validium on the ZKsync Stack. Institutions can keep transaction data in their own private database while posting only zero-knowledge proofs (ZKPs) to Ethereum. Prividium features: • Role-based access controls compatible with corporate identity providers • Private block explorer keeping sensitive information confidential • Private RPC applying internal access policies to every JSON-RPC request • Permissioned Ledger allowing selective disclosure to authorized third parties (e.g., regulators or auditors) • ZKsync Gateway enabling interoperability with ZKsync Chains while anchoring security to Ethereum • Smart Contracts automating on-chain processes like atomic swaps or tokenization Deutsche Bank and Memento are pioneering the first Prividium Chain. Outlining the design in the DAMA 2 litepaper, the goal is to build a secure and compliant full-stack tokenization platform. Prividiums also open up the design space for new use cases, including on-chain dark pools, cross-border payments, private credit markets, HFT, and more. These are the rails traditional finance has been waiting for.

We're excited to share that our team will be joining an exceptional group of mentors for the Blockchain Guardians Programme 2025 🎓 This 10-week programme—organized by @gftn_official and supported by @cryptocom, @BankingCircle, @Safeheron and @trmlabs—equips the next generation of fintech leaders with digital assets expertise and compliance knowledge 🧠 The journey culminates at the @sgfintechfest, where 30 graduating students will be celebrated at the Talent Zone! Proud to contribute alongside industry leaders to nurturing tomorrow's fintech innovators! 💡 $DEXTF


Apps, product launches, acquisitions and more… Here are 28 things the Ethereum ecosystem got done over the last few weeks. 0/ @Shopify announced support for stablecoins on @base across their platform, giving millions of businesses in 175+ countries access to Ethereum-powered commerce. 1/ @fileverse launched dSheets, spreadsheets that can natively talk to and interact with smart contracts on Ethereum. dSheets lets teams pull data directly from Ethereum accounts and apps, run complex operations, and collaborate securely 🔐. 2/ Earnifi is a fintech app that makes it easy for anyone to get access to credit, and it’s now the #3 finance app in the US App Store. Powered by @OpacityNetwork and @eigencloud. Ethereum is for apps. 3/ Onchain social network @zora is now the 91st most popular social app in the US App Store. Ethereum is for creators earning onchain. 4/ @rstormf launched a new fundraiser to help pay costs for his upcoming trial in July. The @ethereumfndn donated $500K and is matching another $750K. Privacy is normal, and writing code is not a crime. 5/ @shibuyafilm launched a crowdfunding platform for creators, where 5 filmmakers funded their work by minting individual frames of each episode. The ability to mint has ended but donations on the main website are still open. Ethereum is for culture. 6/ Decentralized exchanges (DEXs) built on Ethereum continue to grow their influence: recently, 25% of spot trades on centralized exchanges originated from DEXs, an all-time high. 7/ @Etherealize_io published “The Bull Case for ETH”, a new report aimed at institutional investors advocating for ETH as a globally significant asset. Ethereum is for ETH. 8/ @eigencloud introduced EigenCloud, a developer platform extending Ethereum-backed trust & verifiability to any app, on or offchain. 9/ @noicedotso launched on @farcaster_xyz, enabling likes, replies and DMs to translate to monetary value. In 6 weeks the team saw 1.6M+ tips worth $91K+. Ethereum is for microtransactions. 10/ @ethereumfndn announced a reorg of their protocol R&D efforts, with a near term focus on three strategic goals: scale L1, scale blobs for L2s, and improve UX. 11/ @sharplink announced a $425M private placement for an Ethereum treasury strategy, led by @Consensys, with plans to purchase ETH as its primary treasury reserve asset. 12/ @jpmorgan announced plans to create JPMD, a USD deposit token for institutional clients to move funds on @base. Ethereum is for institutions. 13/ @zkemail announced a new Registry tool enabling more powerful zero-knowledge features, which will help anyone who wants to selectively disclose private info or verify financial information. 14/ @Uniswap v4 surpassed $84B in swap volume ~5 months after launch. 15/ Automated market maker (AMM), @EkuboProtocol crossed $1B+ in cumulative trading volume. 16/ @stripe acquired @privy_io, a web3 wallet infrastructure company, bringing crypto & fiat closer together to change how value moves through the Internet. 17/ The BUIDL fund paid out $10M+ in dividends on Ethereum in May, the highest monthly total to date. Launched on @Securitize, secured by Ethereum. 18/ Popular lending app, @eulerfinance grew deposits to $2.28B in 3 months and active loans to ~$1.1B, an all-time high. 19/ @AgoraGovernance shipped gasless DAO voting and social vote sharing to make the DAO experience more social and economical. Ethereum is for DAOs. 20/ @MorphoLabs, powering onchain lending, announced “Morpho V2”, a platform designed to meet the needs of DeFi’s sophisticated & institutional participants. Ethereum is for DeFi. 21/ @zksync introduced Prividium, an enterprise-grade blockchain platform for finance. The first institutional partner, @DeutscheBank, is already building on the platform with @Memento_Bc. 22/ @Scroll_ZKP, a zkEVM rollup, achieved a 1-second block time, making the network 3x faster. 23/ Timeboost, a mechanism allowing MEV searchers to bid for priority transaction inclusion on @arbitrum, collected $1.8M in total fees after only 10 weeks of being live. 24/ @StarkWareLtd launched next-gen prover, S-two, enabling client-side proving for everyday devices. 25/ Ethereum Smart Account usage surged. Safe accounts processed 28M transactions in May, 40% more than the previous all-time high. 26/ The ecosystem gathered in Czechia for @ETHPrague and @ETHGlobal Prague, where a combined 600+ hackers and 1000+ attendees came together to learn and build on Ethereum. 27/ @EdgeEsmeralda, a month-long popup village by Esme Institute & @joinedgecity, convened in California. The event brought together people at the frontiers of tech, science, and social innovation, and created an environment where new ideas & systems—like those built on Ethereum—come to life.

Apps, product launches, acquisitions and more… Here are 28 things the Ethereum ecosystem got done over the last few weeks. 0/ @Shopify announced support for stablecoins on @base across their platform, giving millions of businesses in 175+ countries access to Ethereum-powered commerce. 1/ @fileverse launched dSheets, spreadsheets that can natively talk to and interact with smart contracts on Ethereum. dSheets lets teams pull data directly from Ethereum accounts and apps, run complex operations, and collaborate securely 🔐. 2/ Earnifi is a fintech app that makes it easy for anyone to get access to credit, and it’s now the #3 finance app in the US App Store. Powered by @OpacityNetwork and @eigencloud. Ethereum is for apps. 3/ Onchain social network @zora is now the 91st most popular social app in the US App Store. Ethereum is for creators earning onchain. 4/ @rstormf launched a new fundraiser to help pay costs for his upcoming trial in July. The @ethereumfndn donated $500K and is matching another $750K. Privacy is normal, and writing code is not a crime. 5/ @shibuyafilm launched a crowdfunding platform for creators, where 5 filmmakers funded their work by minting individual frames of each episode. The ability to mint has ended but donations on the main website are still open. Ethereum is for culture. 6/ Decentralized exchanges (DEXs) built on Ethereum continue to grow their influence: recently, 25% of spot trades on centralized exchanges originated from DEXs, an all-time high. 7/ @Etherealize_io published “The Bull Case for ETH”, a new report aimed at institutional investors advocating for ETH as a globally significant asset. Ethereum is for ETH. 8/ @eigencloud introduced EigenCloud, a developer platform extending Ethereum-backed trust & verifiability to any app, on or offchain. 9/ @noicedotso launched on @farcaster_xyz, enabling likes, replies and DMs to translate to monetary value. In 6 weeks the team saw 1.6M+ tips worth $91K+. Ethereum is for microtransactions. 10/ @ethereumfndn announced a reorg of their protocol R&D efforts, with a near term focus on three strategic goals: scale L1, scale blobs for L2s, and improve UX. 11/ @sharplink announced a $425M private placement for an Ethereum treasury strategy, led by @Consensys, with plans to purchase ETH as its primary treasury reserve asset. 12/ @jpmorgan announced plans to create JPMD, a USD deposit token for institutional clients to move funds on @base. Ethereum is for institutions. 13/ @zkemail announced a new Registry tool enabling more powerful zero-knowledge features, which will help anyone who wants to selectively disclose private info or verify financial information. 14/ @Uniswap v4 surpassed $84B in swap volume ~5 months after launch. 15/ Automated market maker (AMM), @EkuboProtocol crossed $1B+ in cumulative trading volume. 16/ @stripe acquired @privy_io, a web3 wallet infrastructure company, bringing crypto & fiat closer together to change how value moves through the Internet. 17/ The BUIDL fund paid out $10M+ in dividends on Ethereum in May, the highest monthly total to date. Launched on @Securitize, secured by Ethereum. 18/ Popular lending app, @eulerfinance grew deposits to $2.28B in 3 months and active loans to ~$1.1B, an all-time high. 19/ @AgoraGovernance shipped gasless DAO voting and social vote sharing to make the DAO experience more social and economical. Ethereum is for DAOs. 20/ @MorphoLabs, powering onchain lending, announced “Morpho V2”, a platform designed to meet the needs of DeFi’s sophisticated & institutional participants. Ethereum is for DeFi. 21/ @zksync introduced Prividium, an enterprise-grade blockchain platform for finance. The first institutional partner, @DeutscheBank, is already building on the platform with @Memento_Bc. 22/ @Scroll_ZKP, a zkEVM rollup, achieved a 1-second block time, making the network 3x faster. 23/ Timeboost, a mechanism allowing MEV searchers to bid for priority transaction inclusion on @arbitrum, collected $1.8M in total fees after only 10 weeks of being live. 24/ @StarkWareLtd launched next-gen prover, S-two, enabling client-side proving for everyday devices. 25/ Ethereum Smart Account usage surged. Safe accounts processed 28M transactions in May, 40% more than the previous all-time high. 26/ The ecosystem gathered in Czechia for @ETHPrague and @ETHGlobal Prague, where a combined 600+ hackers and 1000+ attendees came together to learn and build on Ethereum. 27/ @EdgeEsmeralda, a month-long popup village by Esme Institute & @joinedgecity, convened in California. The event brought together people at the frontiers of tech, science, and social innovation, and created an environment where new ideas & systems—like those built on Ethereum—come to life.


Memento ZK Chain: The world's first live blockchain built WITH institutions, FOR institutions! 🏛️ Co-authored with @DeutscheBank & @axelar, our DAMA 2 interim report explains how we enable compliant tokenization of funds, stablecoins & RWAs. $DEXTF 📄 bit.ly/PR_DAMA2_Inter…


Major institutions building on Ethereum were highlighted in @VivekVentures's testimony before the U.S. House Committee on Financial Services today, including @DeutscheBank 🏛️ We're proud to be the ones co-building with Deutsche Bank on Ethereum, bringing TradFi institutions onchain through Memento ZK Chain 🏗️ Legacy meets innovation! $DEXTF