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LayerZero integrates with institutional-level blockchain Canton, enabling cross-chain access for traditional financial assets.
ChainCatcher news, cross-chain protocol LayerZero has announced its integration with the institutional-focused blockchain Canton, becoming the first interoperability protocol for Canton. Traditional financial institutions can now use LayerZero to route tokenized assets on Canton—including securities, digital bonds, and stocks—to over 165 public blockchains, while maintaining compliance and confidentiality requirements.
Additionally, investors can directly subscribe to tokenized real-world assets (RWA) on Canton using stablecoins from external public blockchains, and Canton’s native tokenization tools can also be transferred to other ecosystems for secondary market trading. Canton processes over $350 billion in U.S. Treasury repo transaction volume daily. LayerZero has previously partnered with DTCC and Centrifuge, the latter covering nearly $861 million in tokenized U.S. Treasuries.