Keeta and LayerZero have announced a partnership to build infrastructure that merges blockchain interoperability with regulated payment systems, allowing tokenized commercial bank deposits to move across the Keeta Network, Ethereum, Solana, and Base. The initiative is designed to give financial institutions a settlement framework supporting both fiat currencies and public blockchain networks, with transactions completing within seconds.

The collaboration reflects a broader trend in financial markets where traditional commercial bank deposits are being adapted for public blockchain infrastructure. Tokenized real-world assets have grown into a multi-billion-dollar market, with McKinsey estimating the tokenized asset market could reach $2 trillion by 2030. Rather than confining liquidity within closed banking ecosystems, the model is intended to let institutions transact on their preferred blockchain while retaining access to liquidity across multiple networks. This approach could broaden access to public blockchain capital markets by supporting deposit-backed financial instruments instead of relying on reserve-backed stablecoin structures.

The partnership will introduce Keeta Stablecoins using LayerZero's Omnichain Fungible Token (OFT) standard, enabling regulated financial institutions to issue and transfer tokenized commercial bank deposits across multiple blockchain networks while retaining full control over their smart contracts. The OFT standard has been adopted by numerous token issuers across the industry, providing a battle-tested framework for cross-chain token transfers.

Multi-Chain Design With Institutional Oversight

According to the companies, the tokenized deposits will be backed by commercial bank funds held through Bivo, a U.S.-licensed financial technology platform connected to domestic payment rails and partner banking institutions. By combining regulated banking infrastructure with blockchain technology, the system is intended to deliver cross-chain mobility without requiring issuers to relinquish operational authority over their digital assets.

The architecture seeks to balance the accessibility of public blockchain networks with the governance requirements of regulated financial institutions. This design distinction matters as regulators increasingly scrutinize how digital assets maintain fiat backing and whether issuers retain operational control. Keeta also plans to integrate LayerZero directly into its own network as a foundational interoperability component, strengthening communication between Keeta's native settlement infrastructure and external blockchain ecosystems.

Multi-Currency Expansion Planned

The companies expect to launch the products later this month, initially supporting the U.S. dollar alongside eight additional currencies: the euro, Japanese yen, Chinese renminbi, British pound, Canadian dollar, Mexican peso, UAE dirham, and Hong Kong dollar.

Unlike conventional stablecoins that typically represent a single fiat currency through reserve-backed mechanisms, these digital assets are structured as tokenized commercial bank deposits intended for institutional financial activity. This distinction is significant: tokenized deposits represent a direct claim on a commercial bank, whereas stablecoins function as claims on reserve assets managed by an issuer. The multi-currency framework is expected to be available across several blockchain networks from launch, rather than relying on separate bridging solutions after issuance.

The world's largest institutions need a cash management system that works across fiat currencies and public blockchains. @KeetaNetwork is solving that problem by introducing tokenized commercial bank money, built on LayerZero's OFT standard. pic.twitter.com/OcXKRQvb2p — LayerZero (@LayerZero_Core) July 23, 2026

The planned platform is designed to simplify treasury management, cross-border payments, and institutional settlement by enabling multiple fiat-denominated tokenized deposits to operate natively across interconnected public blockchains.

Alternative to Closed Banking Networks

The announcement comes as financial institutions continue to explore tokenized deposits and digital settlement infrastructure. Several major U.S. banks have previously outlined plans for shared tokenized deposit networks that would operate exclusively among participating institutions. The Regulated Settlement Network, a collaborative pilot involving firms such as Citi, JPMorgan, and Mastercard, has tested tokenized deposits for cross-border payments within a permissioned environment. Keeta and LayerZero's approach differs by extending tokenized deposits onto public blockchains rather than limiting participation to a consortium of banks.

Keeta and LayerZero are positioning their solution as an alternative that leverages open public blockchains while maintaining regulatory compliance through Keeta's payment infrastructure and LayerZero's interoperability network, which connects more than 170 blockchain ecosystems.

The initiative aims to determine whether regulated commercial bank money can remain under institutional governance while achieving broad portability across public blockchain networks. If the model gains meaningful commercial adoption, it could reshape how financial institutions conduct settlement by allowing tokenized bank deposits to move across multiple blockchain ecosystems instead of remaining confined to proprietary banking platforms.

If adopted at scale, the framework could establish public blockchain networks as settlement infrastructure for regulated commercial bank deposits, expanding their role beyond digital asset trading into mainstream institutional finance.