Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingTLDR: Tokenized bank deposits receive cross-chain settlement layers
Through LayerZero's interoperability standards, tokenized bank deposits will be able to be transferred between Ethereum, Solana, Base and Keeta. Commercial bank deposits held through Bivo will support the U.S. dollar and eight other fiat currencies planned to be released later this month. Keeta will retain issuer control, while LayerZero will manage the total token supply and cross-chain settlement, eliminating the need for a separate liquidity pool. The partners have not disclosed any transaction forecasts or participating banks, and the degree of institutional adoption still depends on market demand and security settings.
Tokenized bank deposits receive cross-chain settlement layers
LayerZero will adopt its full-chain homogeneous token standard to transfer funds between supported blockchains. The standard destroys tokens on one network and mints an equivalent amount on another network. This structure maintains consistency in the total supply of tokens across all deployments, while avoiding independent liquidity pools and reducing reliance on encapsulated versions.
The issuer retains control over the token contract and its operating rules. They can define verification settings, transfer limits, compliance checks and other security measures. This control is critical for commercial bank deposits because issuers must manage legal and operational obligations.
The initial network includes Ethereum, Solana, Base and Keeta. Supported currencies will include US dollars, euros, Japanese yen, RMB, British pounds, Canadian dollars, Mexican pesos, United Arab Emirates dirhams and Hong Kong dollars. LayerZero said the currencies are scheduled to go online later this month. The company currently connects more than 170 public blockchains.
Cross-chain settlement helps institutions transfer working capital between different blockchain environments without maintaining isolated balances. A finance team can hold a regulated asset while simultaneously accessing different payment or market channels. This structure may also reduce reconciliations caused by different token versions.
LayerZero already supports multi-chain assets used by payment and tokenization companies. Its OFT framework tracks the supply of tokens across networks at the contract level. Keeta now applies this model to deposit-backed currencies rather than crypto-native assets. This cooperation extends interoperability into the area of general bank settlement.
Keeta increases bank control, adoption issues remain
Keeta is building its network for regulated payments and institutional settlements. The company has also integrated LayerZero as an anchor component into its blockchain. Keeta said a public stress test recorded 11.2 million transactions per second. The test involved the Google Spanner engineering team.
Bivo provides access to U.S. payment channels and cooperative banking networks. Its role is to connect on-chain tokens to commercial bank deposits held through regulated financial channels. This arrangement provides the banking foundation for the system rather than a reserve asset portfolio.
This structure retains the issuer's direct authorization of the contract throughout the transfer process. Institutions can use public blockchain for distribution and settlement while maintaining control. This combination may help address issues of fragmentation of liquidity and inconsistent token versions, but it does not eliminate the need for bank participation.
Despite this, the partners did not disclose expected transaction volumes, participating banks or committed institutional users. These details will determine whether the infrastructure can receive regular settlement activities. Technical capabilities in and of themselves do not guarantee that a bank or corporate treasurer will generate demand.
Security controls will also be closely watched, especially after the April 18 KelpDAO incident. The attacker exploited an infrastructure vulnerability that supported a single authentication configuration to steal 116,500 rsETH units worth approximately $292 million. LayerZero subsequently terminated support for this configuration and increased the default verification requirements. Keeta's deployment will depend on how the organization configures these controls.
