LayerZero and Keeta to make tokenized commercial bank money transferable across public blockchains

LayerZero and Keeta have announced a partnership that will make tokenized commercial bank money natively transferable across the Keeta Network, Ethereum, Solana and Base, opening regulated settlement infrastructure to institutions operating on major public blockchains.

As per the announcement, the partnership brings together LayerZero’s omnichain interoperability protocol with Keeta’s compliance-native Layer 1 blockchain infrastructure, enabling bank-grade money to move across chains while retaining institutional controls.

LayerZero is used by PayPal, Bridge, Ondo Finance and several crypto applications to distribute assets across chains, while Keeta is a Visa Direct payments network participant and operates a high-performance blockchain designed for regulated payments and asset transfers.

The two companies stated that the aim is to combine Keeta’s regulated financial infrastructure with LayerZero’s cross-chain distribution to make tokenized bank money available wherever financial institutions operate.

Tokenized commercial bank money across chains

The partnership introduces an institutional cash management system that works across fiat currencies and public blockchains.

At the center of the system are Keeta Stablecoins, described as a new category of tokenized commercial bank money. The stablecoins will be issued in multiple fiat currencies and made available natively across Ethereum, Solana, Base and the Keeta Network through LayerZero.

Keeta Stablecoins will use LayerZero’s OFT Standard, a universal token standard that extends liquidity across supported blockchains while allowing the issuing institution to retain contract authority.

The stablecoins are backed by commercial bank deposits held through Bivo, a U.S.-licensed financial technology platform with access to U.S. payment rails and a partner-bank network.

Unlike traditional stablecoins that are usually pegged to one currency and backed by a mix of reserves, Keeta Stablecoins represent commercial bank money issued in a format designed for institutional use cases. They can move on the chain an institution uses and settle in seconds.

Later this month, Keeta Stablecoins are expected to be available in U.S. dollars alongside eight other major currencies, including the euro, Japanese yen, Chinese renminbi, British pound, Canadian dollar, Mexican peso, UAE dirham and Hong Kong dollar.

As part of the agreement, Keeta is also integrating LayerZero as an anchor available within the Keeta Network.

Institutional demand for tokenized bank money

The launch comes as financial institutions continue to explore tokenized deposits and blockchain-based settlement systems. While some banking initiatives are being developed as closed networks, the Keeta and LayerZero partnership seeks to bring institutional-grade instruments to open public chains.

“Traditional stablecoins are proving that there is enormous demand to move dollars on-chain. The next real unlock is enabling instruments that institutions settle across chains and currencies,” said Simon Baksys, Chief Business Officer at LayerZero. “We’re building the settlement layer where regulated assets like bank deposits move across every chain, and Keeta is the right partner to help us power this new paradigm.”

“The future of institutional money isn’t a walled garden,” said Ty Schenk, Founder and CEO of Keeta. “We built Keeta so that regulated bank money can move wherever institutions need it, across chains and in the open, instead of staying trapped inside a single network. LayerZero shares that philosophy, and together we’re building the rails that the next era of capital markets will run on.”

Regulated infrastructure for public blockchain settlement

Keeta and LayerZero said the partnership combines compliance-first infrastructure, institutional credibility and cross-chain interoperability into one offering: regulated bank money available across public blockchains.

Keeta operates as a Layer 1 network for regulated fiat-backed assets, while LayerZero provides the connectivity layer across public and private chains.