C
Cari
United States · Fintech
A bank-governed network for moving tokenized commercial-bank deposits in programmable, always-on transactions between participating financial institutions.
Product
Cari provides a bank-governed, permissioned network for tokenized commercial-bank deposits. A participating bank issues tokens representing customers’ dollar deposits, while the underlying deposits stay within the issuing bank’s regulated perimeter.
The shared network supports around-the-clock programmable transfers and settlement between participating institutions. Cari is moving toward production with more than 30 financial institutions involved, including six design-partner banks.
Funding history
1 round · 1 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Funding | $32.5M | First Horizon Bank — ParticipantGlacier Bank — ParticipantHuntington Bank — ParticipantKeyBank — ParticipantM&T Bank — ParticipantOld National Bank — ParticipantSouthState Bank — Participant |