LayerZero and Keeta have announced a partnership designed to make tokenized commercial bank money natively transferable across the Keeta Network, Ethereum, Solana, and Base. The collaboration aims to open the regulated settlement layer underpinning global finance to any institution operating on a major public blockchain.

The partnership brings together two companies with significant institutional standing in the digital asset sector. LayerZero is a cross-chain interoperability protocol used by PayPal, Bridge, Ondo Finance, and dozens of the largest applications in crypto to enable asset distribution across chains. Keeta, one of the few crypto companies included in the Visa Direct payments network, operates a highly scalable Layer 1 blockchain. The company's technology has been audited according to high compliance standards and enables real-time payments to nearly 200 countries.

By combining Keeta's regulated, compliance-native infrastructure with LayerZero's omnichain distribution capabilities, the two companies seek to make bank-grade money usable across the environments where financial institutions operate. The initiative arrives as tokenized deposits gain traction among global banks and financial infrastructure providers, with institutions increasingly exploring on-chain representations of commercial bank money to improve settlement speed and reduce friction in cross-border payments.

The partnership introduces an institutional-grade cash management system that functions across both fiat currencies and public blockchains. At the core of this system are Keeta Stablecoins — a new category of tokenized commercial bank money issued in multiple fiat currencies and available natively across Ethereum, Solana, Base, and the Keeta Network via LayerZero.

Keeta Stablecoins utilize LayerZero's OFT Standard, a universal token standard that extends dollar liquidity across supported blockchains while allowing the issuing institution to retain full contract authority at every step. The OFT framework has been adopted across a range of tokenized assets, enabling assets to move between chains without wrapping or liquidity pools.

Unlike traditional stablecoins, which are typically pegged to a single currency and rely on a mix of reserves, Keeta Stablecoins are backed by commercial bank deposits held through Bivo, a U.S.-licensed financial technology platform with access to U.S. payment rails and a partner-bank network. This structure means the tokens represent claims on actual bank deposits rather than a separate reserve pool, placing them under banking-regulatory oversight rather than the model used by stablecoin issuers. Keeta Stablecoins represent actual commercial bank money, issued in a format designed for institutional use cases. They can be moved on the chain an institution uses and settled in seconds.

Later this month, Keeta Stablecoins will be available in USD alongside eight other major currencies: the euro (EUR), Japanese yen (JPY), Chinese renminbi (CNY), British pound (GBP), Canadian dollar (CAD), Mexican peso (MXN), UAE dirham (AED), and Hong Kong dollar (HKD). The result, according to the companies, is a seamless, internationally compliant cash system that is multi-currency and multi-chain by default.