LayerZero and Keeta enable tokenized bank deposits

LayerZero and Keeta announced a partnership to move tokenized commercial bank deposits across public blockchains, including Ethereum, Solana and Base. The integration pairs LayerZero’s omnichain interoperability protocol with Keeta’s compliance-focused infrastructure and Keeta stablecoins to support institutional treasury and payment operations.

Keeta stablecoins are tokens that represent commercial bank deposits held through Bivo, a U.S.-licensed fintech that connects to U.S. payment rails and a partner-bank network. The firms said Keeta stablecoins will launch later this month in U.S. dollars, with additional fiat currencies available at launch: euro, Japanese yen, Chinese renminbi, British pound, Canadian dollar, Mexican peso, UAE dirham and Hong Kong dollar.

The stablecoins will use LayerZero’s Omnichain Fungible Token Standard. The partners say the standard preserves the issuing institution’s contract authority as tokens move across chains. LayerZero will serve as an anchor inside the Keeta Network to enable transfers between the Keeta Network and public chains while keeping compliance controls in place.

Keeta builds payment infrastructure for regulated financial institutions and is a Visa Direct payments network partner. The company reported a verified peak of 11.2 million transactions per second during a public stress test performed with Google’s Spanner engineering team. Under the agreement, Keeta will route tokenized commercial bank money through its compliance-native rails while relying on LayerZero for cross-chain messaging and verification.

LayerZero operates a protocol that supports more than 170 public blockchains and is used by payments and asset distribution platforms to move assets across networks. The companies said the partnership aims to let regulated institutions use bank deposits on public chains for liquidity management and payment flows.

Keeta CEO Ty Schenk commented, “The future of institutional money isn't a walled garden.”

The announcement follows a high-profile cross-chain exploit in April that drained roughly $292 million in rsETH from a bridge. LayerZero attributed that attack to North Korea-linked actors and adjusted its verification approach by ending support for single-verifier Decentralized Verifier Network configurations and raising default verification thresholds.

Keeta stablecoins will be offered for institutional use cases such as treasury and payments once launched, with issuing banks retaining contract control as tokens move across multiple public blockchain networks.