LayerZero Launches Traditional Finance Blockchain Zero, Citadel and Cathie Wood Participate in Investment

Odaily News LayerZero announced the launch of Zero, a blockchain designed specifically for traditional finance, with a planned official launch in September. Citadel Securities, ARK Invest founder Cathie Wood, and the Intercontinental Exchange are participating in the project as investors, partners, or advisors. Tether and ARK Invest have confirmed investments in LayerZero. The network aims to enhance throughput and reduce costs through zero-knowledge proof technology. LayerZero co-founder Bryan Pellegrino stated that introducing institutions with market structure experience aims to drive Wall Street's large-scale adoption of blockchain technology. (Fortune)