Cari Joins American Bankers Association’s Premier Partner Network, Expands Bank-Governed Tokenized Deposit Network
SouthState announced as Design Partner Bank; Network expands to more than 30 participating banks
The Cari Network, the bank-governed tokenized deposit network purpose-built for regulated financial institutions, today announced it has joined the American Bankers Association's (ABA) Premier Partner Network, underscoring the company's commitment to helping banks modernize payments, deposits, and settlement infrastructure while preserving the central role of regulated institutions in the financial system. By bringing together banks of all sizes on a shared network, Cari is building the scale, interoperability, and shared governance needed to enable the next generation of bank-issued digital money.
Cari also continues to expand participation across its Network, with SouthState Bank announced as a Design Partner Bank alongside Atlantic Union Bank, Bank of Vernon, ConnectOne Bank, FNBO (First National Bank of Omaha), Glacier Bank, MidFirst Bank, Raymond James Bank, Southwest Heritage Bank, and Washington Trust Bank among the newest institutions to join the Network. In total, the number of banks joining the Network has grown to more than 30 institutions, with another 40 in active discussions to join, altogether representing a total network and pipeline of institutions with more than $10 trillion in combined assets.
