LayerZero has reached a significant milestone in its development with the official launch of its blockchain infrastructure, bolstered by substantial backing from institutional heavyweights Citadel Securities and Cathie Wood’s Ark Invest. This move signals growing confidence in cross-chain interoperability solutions within the traditional finance sector. Alongside its launch, LayerZero announced strategic partnerships with Google Cloud, which will serve as a key infrastructure provider to enhance network security and performance. Furthermore, a collaboration with the Depository Trust & Clearing Corporation (DTCC) aims to bridge the gap between legacy financial systems and decentralized ledger technology. These developments position LayerZero as a critical player in the evolution of institutional blockchain adoption, facilitating seamless data and asset transfer across diverse networks.
Source: Citadel and Ark Invest back LayerZero as it launches blockchain, partners with Google Cloud and DTCC
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