Citadel and Ark Invest back LayerZero as it launches blockchain, partners with Google Cloud and DTCC
LayerZero launched its Layer 1 blockchain, Zero, backed by Citadel and Ark Invest, and partnered with Google Cloud and DTCC.Summary
LayerZero is launching a new Layer 1 blockchain named Zero, securing strategic investments from Citadel Securities and Ark Invest, who acquired the protocol's native ZRO token. LayerZero Labs CEO Bryan Pellegrino stated the mission is to bring the global economy on-chain with permissionless infrastructure. Citadel Securities will collaborate to apply LayerZero's technology to high-performance trading, clearing, and settlement workflows. Furthermore, LayerZero announced major partnerships with Google Cloud, focusing on infrastructure for AI agents and value transfer, and DTCC, aiming to enhance security and scalability for tokenized assets like stocks and Treasurys. The new Zero blockchain claims a heterogeneous architecture capable of 2 million transactions per second, significantly outperforming Ethereum and Solana. Intercontinental Exchange, the NYSE's parent company, also plans to examine how Zero might support 24/7 trading.
(Source：The Block)