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LayerZero and Keeta launch banking stablecoin infrastructure for Ethereum, Solana, and Base
LayerZero and Keeta have announced a partnership that will enable institutional clients to transfer tokenized bank deposits across Ethereum, Solana, Base, and Keeta Network. The solution is designed for corporate payments and liquidity management.
The new infrastructure will be powered by so-called Keeta Stablecoins—tokens backed by commercial bank deposits through Bivo, a licensed U.S. fintech platform with access to the country's payment infrastructure.
Unlike traditional stablecoins backed by reserve assets, the new tokens represent actual bank deposits. The issuing entity will retain full control over the smart contracts throughout the assets' lifecycle.
Banking stablecoins to launch in August
According to the developers, the project is scheduled to launch by the end of July. Users will gain access to tokens denominated in U.S. dollars, euros, Japanese yen, Chinese yuan, British pounds, Canadian dollars, Mexican pesos, UAE dirhams, and Hong Kong dollars.
The infrastructure is designed for regulated financial institutions and will enable cross-border settlements on public blockchains without relying on closed banking networks.
Keeta CEO Ty Schenk said the future of institutional money lies in its ability to move freely across different blockchains rather than within isolated financial ecosystems.
LayerZero expands its institutional footprint
The partnership marks another step in LayerZero's push into institutional blockchain infrastructure. The protocol currently supports more than 170 public blockchains and is used by major digital asset market participants to issue and transfer tokenized assets across networks.
Keeta, meanwhile, is a partner of the Visa Direct payment network. The company recently conducted a public stress test of its infrastructure with Google engineers, demonstrating a throughput of 11.2 million transactions per second.
The LayerZero-Keeta initiative reflects the broader trend of integrating traditional financial instruments into blockchain infrastructure.
At the same time, international financial institutions are increasingly discussing the potential risks of such solutions. The Bank for International Settlements (BIS) recently concluded that dollar-backed stablecoins could make capital controls more difficult and create additional challenges for monetary policy in emerging economies.
Earlier, it was reported that Tether is still awaiting the finalization of U.S. regulatory requirements following the passage of the GENIUS Act. Although the law provides a transition period through July 2028, U.S. regulators have yet to establish the detailed rules that stablecoin issuers and cryptocurrency platforms will be required to follow.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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