LayerZero and Keeta have partnered to enable regulated commercial bank money to move across public blockchains, as the two companies seek to expand institutional settlement infrastructure beyond closed banking networks.
In a statement shared with The Block on Thursday, LayerZero said the partnership combines its omnichain interoperability protocol with Keeta's compliance-native infrastructure, enabling institutions to move bank-grade money across the Keeta Network, Ethereum, Solana, and Base for treasury and payment operations.
According to the statement, the rollout is anchored by Keeta stablecoins, a new category of tokenized commercial bank money backed by commercial bank deposits held through Bivo, a U.S.-licensed financial technology platform with access to U.S. payment rails and a partner-bank network.
Unlike traditional stablecoins that rely on a mix of reserves, Keeta stablecoins represent actual commercial bank deposits and allow the issuing institution to retain full contract authority at every step through LayerZero's Omnichain Fungible Token Standard.
LayerZero said Keeta stablecoins will be available later this month in U.S. dollars alongside the euro, Japanese yen, Chinese renminbi, British pound, Canadian dollar, Mexican peso, UAE dirham, and Hong Kong dollar.
