The Cari Network and Tassat collaborate
1 May 2026 US
Image: uladzimirzuyeu/stock.adobe.com
The Cari Network, a blockchain-based programmable money movement platform, has partnered with Tassat, a provider of blockchain solutions to the banking sector, to accelerate the development of its bank-led digital money initiative.
Cari operates on a permissioned, private blockchain, affording institutions control over access, governance, and transaction activity.
Tassat’s regulated infrastructure supports instant transactions and settlement capabilities, access to financial services, digital assets, and capital markets.
Cari will incorporate select, bank-validated Tassat technologies into its platform to aid the development of its tokenised deposit network and the delivery of always-on, programmable payments for US banks.
Commenting on the collaboration, Gene Ludwig, founder and CEO of Cari, says: “The growing network of banks joining Cari reflects the industry's recognition that a bank-led, regulatory-compliant path forward is the right one, and the time to build it is now.
“At its core, this is about giving US banks the tools to lead so the banking system remains the most trusted engine of economic growth in a digital world.”
Glen Sussman, CEO of Tassat, adds: “Tassat has been building and operating regulatory-compliant, mission-critical tokenisation platforms for US financial institutions since 2019 and is excited to contribute its deep expertise and intellectual property to advance Cari’s interbank network buildout.”
Cari operates on a permissioned, private blockchain, affording institutions control over access, governance, and transaction activity.
Tassat’s regulated infrastructure supports instant transactions and settlement capabilities, access to financial services, digital assets, and capital markets.
Cari will incorporate select, bank-validated Tassat technologies into its platform to aid the development of its tokenised deposit network and the delivery of always-on, programmable payments for US banks.
Commenting on the collaboration, Gene Ludwig, founder and CEO of Cari, says: “The growing network of banks joining Cari reflects the industry's recognition that a bank-led, regulatory-compliant path forward is the right one, and the time to build it is now.
“At its core, this is about giving US banks the tools to lead so the banking system remains the most trusted engine of economic growth in a digital world.”
Glen Sussman, CEO of Tassat, adds: “Tassat has been building and operating regulatory-compliant, mission-critical tokenisation platforms for US financial institutions since 2019 and is excited to contribute its deep expertise and intellectual property to advance Cari’s interbank network buildout.”
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