LayerZero and Keeta Launch Tokenized Bank Deposits in 9 Currencies on Multiple Blockchains

According to Foresight News, LayerZero and Keeta announced a partnership on July 23 to enable regulated commercial bank funds to flow on public blockchains. The collaboration combines LayerZero's omnichain interoperability protocol with Keeta's compliance-native infrastructure, allowing institutions to transfer bank-grade assets across Keeta network, Ethereum, Solana, and Base for fund management and payment operations.

Keeta stablecoins, backed by commercial bank deposits held through Bivo, a U.S.-licensed fintech platform, will launch late July in nine currencies: USD, EUR, JPY, CNY, GBP, CAD, MXN, AED, and HKD. As part of the collaboration, LayerZero will serve as an anchor in the Keeta network.