Digital Bank Cari Partners with Tassat for Tokenized Asset Technology
The Cari Network announced on Apr 30, 2026, that it has partnered with Tassat and will acquire select Tassat technologies and technical expertise to accelerate development of its tokenized deposit network. Tassat has operated blockchain-based tokenization platforms for U.S. financial institutions since 2019, including the first tokenized deposit network deployed in a live banking environment. Cari launched its MVP in March alongside design partner banks including First Horizon, Huntington Bancshares, KeyCorp, M&T Bank, Old National Bancorp, and SouthState Bank.
Eight additional banks have committed to join ahead of a production launch later this year. The Mid-Size Bank Coalition of America has endorsed the effort. Keefe, Bruyette & Woods, a Stifel company, served as exclusive financial advisor to Cari.
Financial terms were not disclosed.
- Demonstrates growing convergence of digital banking and tokenized asset infrastructure within regulated entities
- Could accelerate adoption of blockchain-based settlement and payments in embedded finance use cases
- OfficialLas Vegas Sun — Apr 2026