Keeta and LayerZero Launch Tokenized Commercial Bank Deposits on Major Blockchains

Keeta and LayerZero have partnered to bring tokenized commercial bank deposits to major public blockchains, including Ethereum, Solana, Base, and Keeta Network. This move will allow institutions to transfer bank-backed digital money across several chains.

The system uses Keeta Stablecoins, which are backed by commercial bank deposits held through Bivo and its partner-bank network. The initial release will cover nine fiat currencies: USD, EUR, JPY, CNY, GBP, CAD, MXN, AED, and HKD.

Keeta CEO Ty Schenk said, 'The future of institutional money isn't a walled garden.' He emphasized that Keeta wants regulated bank money to move across chains rather than remain inside one closed system.