Cari Raises Over $30 Million in First Tranche of Initial Funding Round, Backed Entirely by Banks
Cari, the bank-governed digital money network, today announced it has raised $32.5 million in the first tranche of its initial external funding round, with the investment coming entirely from banks. The funding reflects support from Cari’s Design Partner Banks and other banking institutions as Cari continues to develop and scale the Network. Cari is building shared infrastructure that enables banks to bring money on-chain and offer faster, always-on, and programmable financial services while keeping regulated financial institutions at the center of the customer relationship.
Cari Joins American Bankers Association’s Premier Partner Network, Expands Bank-Governed Tokenized Deposit Network
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.
