LayerZero Labs has unveiled Zero, a novel blockchain designed to tackle the scalability constraints of decentralized networks. The project brings together prominent financial and technology players, including Citadel Securities, DTCC, Google Cloud, and Intercontinental Exchange, to push the boundaries of on-chain infrastructure. The company says Zero’s architecture moves the industry roadmap forward by a decade.
Zero is described as built on four compounding 100x breakthroughs in storage, compute, network, and zero-knowledge technology, enabling up to 2 million transactions per second across unlimited zones. LayerZero claims the system will provide abundant blockspace, delivering performance orders of magnitude faster than Ethereum and Solana. It employs a heterogeneous design that decouples execution from verification using zero-knowledge proofs. Citadel Securities is collaborating with LayerZero to provide market-structure expertise and evaluate applications in trading, clearing and settlement, alongside a strategic investment in ZRO, the network’s native token.
DTCC will work to shape future digital market structure and explore how Zero’s architecture could enhance the scalability of its tokenization and collateral platforms. DTCC has been driving acceptance and adoption of digital assets, but realizing the full potential of blockchain technology has been elusive due to limitations in speed and scale. By working collaboratively across the industry, we believe that we can unlock the value of blockchain and deliver transformational benefits to market participants, including collateral mobility, new trading modalities and programmable assets. We look forward to working with LayerZero and others to further advance our digital strategy by tokenizing securities with uncompromising security, robust scalability, sound legal footing and seamless interoperability.
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