$ZK
BitGo and zkSync are converting bank deposits into tokenized format
BitGo, together with zkSync, is launching infrastructure for tokenized deposits. This is not about stablecoins, but about a digital form of bank money within a regulated system.
Fact: banks receive a tool for issuing and settling deposits on the blockchain.
Interpretation: the transfer of traditional money into on-chain format begins without leaving the regulatory perimeter.
The model differs from classic crypto:
— token = bank obligation
— settlements take place on the network, but with compliance observed
— infrastructure remains under the control of institutional players
This is a hybrid between the banking system and blockchain.
What changes:
➠ settlements become 24/7
➠ clearing time is reduced
➠ operational load decreases
➠ automation through smart contracts
Blockchain is used not as an alternative, but as a technological layer to accelerate processes.
Who benefits:
— banks implementing tokenization
— infrastructure providers (custody, L2)
— RWA and digital asset segment
Who loses:
— slow payment systems
— solutions with long clearing times
— part of the stablecoin niches