LayerZero, a cross-chain interoperability protocol that connects more than 150 blockchains, has unveiled its own mainnet, Zero. The project aims to surpass the speed and cost limits of traditional blockchains and establish a financial-grade infrastructure to serve global markets. Based on this, it intends to accelerate its entry into Korea’s KRW-backed stablecoins and real-world asset (RWA) markets. LayerZero has announced a lineup of global partners for the Zero ecosystem, including ICE, DTCC, Citadel, Google Cloud, and Ark Invest, serving as launching partners and investors.
Ark Invest’s Cathie Wood and ICE Strategy Initiative VP Michael Blaugrund are said to join LayerZero’s advisory board to support ecosystem expansion. In Korea, LayerZero confirmed a partnership with NexSpace, Nexon’s blockchain subsidiary, to connect NexSpace’s gaming ecosystem to Zero and explore new business models.
Co-founder Brian Pellegrino stated that Tether, after adopting LayerZero’s solution, expanded its issued chains from three to sixteen within nine months, attracting about $110 billion in inflows and generating roughly KRW 600 billion in annual direct revenue. The company argues that this technology expansion could translate into revenue growth in Korea, noting Korea’s vibrant fintech landscape and rapid crypto adoption. LayerZero aims to address liquidity and cost-efficiency challenges for KRW-stablecoin issuers while pursuing aggressive market entry into Korea.
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