Woofun AI reports that LayerZero and Keeta have established a partnership to introduce a tokenized commercial bank currency designed for regulated institutional settlement. This collaboration merges LayerZero’s interoperability protocol with Keeta’s compliant infrastructure, facilitating fund transfers across Keeta’s network, Ethereum, SOL, and Base for payment and management purposes.

The initiative centers on the Keeta stablecoin, backed by deposits held via Bivo, a U.S.-licensed fintech platform. The token is scheduled for release later this month in nine currencies, including the U.S. dollar, euro, and Japanese yen. Keeta, a Visa Direct partner, integrates LayerZero as an anchor point and demonstrated 11.2 million verified transactions per second in stress tests with Google’s Spanner team.