LayerZero, Keeta Launch Omnichain Bank Deposit Rails Covering 9 Fiat Currencies on Ethereum, Base and Solana
LayerZero and Keeta Network have launched tokenized commercial bank deposit rails that move fiat currency across public blockchains. Built on LayerZero’s OFT standard, the infrastructure supports 9 major currencies, including the U.S. dollar, euro, British pound and Japanese yen.
The deposits are held through Bivo, a U.S.-licensed financial technology platform with access to U.S. payment rails. The rollout deployed this month on Ethereum, Base and Solana, providing an end-to-end audit trail and customizable compliance controls for large financial institutions.
From the sources (10 posts)
@theblockcoLayerZero, Keeta enable tokenized bank deposits across Ethereum, Solana and Base
@layerzero_coreThe world's largest institutions need a cash management system that works across fiat currencies and public blockchains. @KeetaNetwork is solving that problem by introducing tokenized commercial bank money, built on LayerZero's OFT standar
@layerzero_coreCommercial bank money represents the vast majority of money in circulation. If major banks are going to work with digital assets at scale, they need settlement infrastructure that meets them where they already operate: in regulated, fiat-d
@layerzero_coreTo satisfy the requirements of working with large banks, Keeta needed an interoperability solution with: - A full end-to-end audit trail - Customizable compliance controls - Security standards configurable by the asset issuer LayerZero's
@layerzero_coreLaunching with 9 major currencies across Ethereum and Base this month, including: USD EUR CAD AED GBP HKD JPY MXN CNY
@layerzero_coreThe result is a seamless, internationally compliant cash system, that is: - Multi-currency - Multi-chain by default Keeta Stablecoins will be backed by commercial bank deposits held through Bivo, a U.S.-licensed financial technology platf
@layerzero_coreKeeta's regulated, compliance-native infrastructure combined with LayerZero's omnichain distribution makes bank-grade money usable everywhere financial institutions operate. Read more:
@primordialaaRT @LayerZero_Core: The world's largest institutions need a cash management system that works across fiat currencies and public blockchains…
@primordialaaRT @cameron_nili: Commercial bank money goes omnichain for the first time ever, in partnership with @KeetaNetwork & Bivo Financial LLC. Po…
@primordialaaFirst ever instance of commercial bank money moving cross-chain as seamlessly as stablecoins. A huge new future awaits!