Cari Raises $32.5M in Initial external round: first tranche Funding

The banks that helped design the network are now financing its move from pilot testing toward production.

Round size
$32.5M
Stage
Initial external round: first tranche
Headquarters
United States
Announced
Sep 2, 2026

Bank money in programmable form

Participating banks retain the customer relationship while sharing the underlying technology. The pilot includes tools to create, transfer and retire deposit tokens, together with a wallet interface and an operational portal.

From design partners to investors

The six original partner banks all joined the financing, alongside Glacier Bank and other institutions. Their involvement links the network’s funding to the banks developing and testing it.

Where the funding goes

  • Bank onboarding and integration
  • Additional programmable money products
  • Infrastructure for production deployment

Sources

  1. Cari: funding announcement
  2. Ledger Insights: financing and pre-production status
  3. S&P Capital IQ: financing report
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