The Cari Network joins ABA to expand tokenised deposit offering
02 July 2026 US
Image: Who_is_Danny/stock.adobe.com
The Cari Network, spanning bank-governed tokenised deposits, has joined the American Bankers Association’s (ABA) Premier Partner Network in a bid to expand its reach.
Premier Partner Network members are selected for their long-term dedication to the banking industry and support in preserving the central role of regulated institutions in the financial system.
According to Cari, joining the ABA’s network is indicative of its commitment to helping banks modernise payments, deposits, and settlement infrastructure, along with building the scale, interoperability, and governance for the forthcoming generation of bank-issued digital money.
Cari operates on a permissioned, private blockchain, with institutions controlling access, governance, and transaction activity while enabling the real-time issuance, transfer, and redemption of tokenised deposits.
In addition to joining the Premier Partner Network, Cari is set to launch its pilot with six design partner banks — First Horizon, Huntington, KeyBank, M&T Bank, Old National Bank, and SouthState Bank.
Gene Ludwig, founder and CEO of Cari, says: “As an ABA Premier Partner, we look forward to working with banks across the country to help build the infrastructure that ensures bank-issued digital money remains secure, trusted, and broadly accessible.”
Russell Davis, executive vice president, member experience, ABA, adds: “As financial institutions continue to explore innovations like tokenised deposits and other emerging forms of digital money, partnerships with organisations like Cari provide our members with opportunities to learn about emerging technologies and how they can support the future of banking.”
Premier Partner Network members are selected for their long-term dedication to the banking industry and support in preserving the central role of regulated institutions in the financial system.
According to Cari, joining the ABA’s network is indicative of its commitment to helping banks modernise payments, deposits, and settlement infrastructure, along with building the scale, interoperability, and governance for the forthcoming generation of bank-issued digital money.
Cari operates on a permissioned, private blockchain, with institutions controlling access, governance, and transaction activity while enabling the real-time issuance, transfer, and redemption of tokenised deposits.
In addition to joining the Premier Partner Network, Cari is set to launch its pilot with six design partner banks — First Horizon, Huntington, KeyBank, M&T Bank, Old National Bank, and SouthState Bank.
Gene Ludwig, founder and CEO of Cari, says: “As an ABA Premier Partner, we look forward to working with banks across the country to help build the infrastructure that ensures bank-issued digital money remains secure, trusted, and broadly accessible.”
Russell Davis, executive vice president, member experience, ABA, adds: “As financial institutions continue to explore innovations like tokenised deposits and other emerging forms of digital money, partnerships with organisations like Cari provide our members with opportunities to learn about emerging technologies and how they can support the future of banking.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
