Digital asset infrastructure firm BitGo has partnered with ZKsync to build fiat tokenisation infrastructure aimed at banks. The collaboration signals a push to connect traditional finance with blockchain systems without relying on stablecoins. The planned products focus on institutional-grade settlements that operate continuously, offering faster processing, enhanced privacy, and improved security. The move comes as banks explore ways to modernise payments and settlement systems while remaining compliant with regulatory requirements. Focus on bank adoption The partnership is designed to help banks tokenise fiat deposits directly on blockchain networks. This allows financial institutions to process transactions instantly rather than relying on slower legacy systems.