LayerZero, Keeta to launch tokenized deposits on chains

A partnership between interoperability protocol LayerZero and payments-focused blockchain Keeta will enable tokenized commercial bank deposits to move across several major public blockchains, with a launch scheduled for later in July 2026. The collaboration aims to provide institutions with a regulated, bank-grade method for cross-chain treasury and payment settlements.

The system will use a new category of digital assets described as Keeta stablecoins, which will represent tokenized commercial bank money. These tokens will be backed one-to-one by commercial bank deposits held through Bivo, a licensed U.S. money transmitter with access to domestic payment rails and a partner-bank network. The initial rollout will support nine fiat currencies: the U.S. dollar, euro, Japanese yen, Chinese renminbi, British pound, Canadian dollar, Mexican peso, UAE dirham, and Hong Kong dollar.

LayerZero will supply the cross-chain infrastructure through its Omnichain Fungible Token (OFT) standard. This model allows a single token supply to exist across multiple blockchains, with transfers burning tokens on the source network and minting an equivalent amount on the destination. The approach is...