Citadel and Ark Support
#LayerZero , Zero
#blockchain Launch
LayerZero has launched its new Layer 1 blockchain – Zero. With this launch, the company announced strategic backing from Citadel Securities and Ark Invest. Alongside this, partnerships with Google
#CLOUD and
#DTCC (Depository Trust and Clearing Corp) were also unveiled.
• Citadel Securities acquired the ZRO token and plans to test the technology for trading, clearing, and settlement workflows.
• Ark Invest took an equity stake in LayerZero Labs.
• The partnership with Google Cloud is aimed at aligning blockchain infrastructure with cloud-scale performance, supporting use cases such as AI-driven economic activity.
• DTCC is exploring tokenization of stocks,
#ETFs , and US Treasurys, and plans to work with LayerZero to address speed, scale, and interoperability challenges.
• Intercontinental Exchange (ICE), parent of NYSE, will examine Zero blockchain for 24/7 markets.
LayerZero stated that the Zero blockchain uses a heterogeneous architecture designed for extreme scalability, positioning it for global financial applications.
The company had earlier disclosed a strategic investment from Tether, tied to interoperability efforts.