Citadel Securities Partners with LayerZero on Blockchain Initiative
- Citadel Securities, DTCC, and Intercontinental Exchange are backing LayerZero’s Zero blockchain.
- Zero aims to handle up to two million transactions per second across multiple environments.
- LayerZero targets the blockchain trilemma by allowing work distribution among participants.
- The network is set for a fall launch in 2026 with three initial permissionless environments.
- ZRO, the native token, will coordinate the network and connect it with over 165 chains.
LayerZero’s Zero blockchain is backed by major financial institutions aiming to overcome constraints in trading, clearing, and settlement processes by leveraging a scalable and efficient network design.
The initiative claims significant performance improvements over existing blockchains like Ethereum and Solana, though these claims remain unverified as of now. (Source)
