Cari Raises $32.5M for Bank Digital Money
Cari raised $32.5M from banks to build shared infrastructure for tokenised deposit networks.
Digital money is moving from crypto-native products toward regulated banking infrastructure.
What happened
Cari raised $32.5M in the first tranche of its initial external funding round, with the investment coming entirely from banks.
The company is building a bank-governed digital money network designed to help regional, mid-size and community banks participate in tokenised deposit infrastructure.
Why it matters
Stablecoins and tokenised deposits are changing how money can move, settle and integrate with digital platforms. But many banks do not want to depend entirely on crypto-native companies or large-bank infrastructure.
Cari’s model is interesting because it frames digital money as shared bank infrastructure, giving smaller and mid-sized institutions a route into the market.
The bigger picture
The next phase of fintech infrastructure may be less about consumer neobanks and more about programmable money rails for regulated institutions. Bank-backed digital money networks could become an important bridge between traditional deposits and tokenised settlement.