LayerZero’s cross-chain infrastructure is integrating with the Canton Network, a blockchain built for institutional finance.

"LayerZero is the first interoperability protocol live on Canton, and this integration enables traditional financial institutions on Canton to securely and efficiently route tokenized assets across more than 165 public blockchains, while maintaining regulatory and compliance standards," the two organizations said in a statement Thursday.

The Canton Network was designed specifically for regulated institutions, with major firms like Goldman Sachs, Microsoft, and DTCC backing the chain's primary developer Digital Asset. Last June, Digital Asset raised$135 million in a round led by DRW Venture Capital and Tradeweb Markets. BNP Paribas, Circle Ventures, Citadel Securities, DTCC, and Goldman also participated.

Built to enhance scale, LayerZero is designed to make any token or application compatible with any blockchain. The network's $100 billion ecosystem can now access Canton, enabling cross-chain funding and trading of tokenized assets.

"Canton has already built the rails for traditional finance, processing more than $350 billion in daily U.S. Treasury repo volume," LayerZero Labs CEO Bryan Pellegrino said. "LayerZero’s job is to make sure those assets are available in every global market, across blockchains."

BNP Paribas, DRW, Goldman Sachs, Liberty City Ventures, QCP, and Tradeweb have all contributed to testing Canton. The network has said it has nearly 400 ecosystem participants on the network, including global leaders in both traditional and decentralized finance.

"Our longstanding relationship with Digital Asset stems from a deep conviction in the strength of their technology," Goldman Sachs Global Head of Digital Assets Mathew McDermott said last year.