Cari, a digital currency network led by U.S. small and mid-sized banks, announced that it has secured $32.5 million in investment. This investment saw participation from six design partner banks of the Cari network: Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, Old National Bancorp, and SouthState. The funds will be used to expand the banks' participation and system integration in the Cari network and to develop applications related to tokenized deposits and programmable money.
