LayerZero and Keeta Partner to Launch Tokenized Commercial Bank Currency

ME News reports that on July 23 (UTC+8), LayerZero and Keeta have partnered to enable regulated commercial bank funds to flow on public blockchains, with both companies aiming to extend institutional settlement infrastructure beyond closed banking networks. This collaboration combines LayerZero’s full-chain interoperability protocol with Keeta’s compliance-native infrastructure, allowing institutions to transfer bank-grade funds across the Keeta network, Ethereum, Solana, and Base for treasury management and payment operations. The initiative is built on the Keeta stablecoin, a new form of tokenized commercial bank money backed by deposits held in regulated commercial banks via Bivo—a U.S.-licensed fintech platform that connects to U.S. payment rails and partner bank networks. LayerZero stated that the Keeta stablecoin will be issued this month in multiple currencies, including USD, EUR, JPY, CNY, GBP, CAD, MXN, AED, and HKD. Keeta, a partner of Visa Direct’s payment network, is building blockchain infrastructure for regulated financial institutions and has recorded 11.2 million verified transactions per second in a public stress test conducted with Google’s Spanner engineering team. As part of the partnership, Keeta will integrate LayerZero into its network as an anchor. (Source: Foresight News)