Cari Raises $32.5 Million in Series A Funding with Participation from Multiple Banks

Odaily News: Cari is built on a permissioned Layer 2 blockchain anchored to Ethereum, primarily helping banks bring funds on-chain and provide programmable financial services through shared infrastructure. This funding round raised $32.5 million, with all capital coming from banking institutions, including First Horizon Bank, Huntington Bank, KeyBank, M&T Bank, Old National Bank, SouthState Bank, and Glacier Bank. The new funds will be used to accelerate bank onboarding and integration, as well as expand applications for tokenized deposits and programmable money.