• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
CoinLaw LogoCoinLaw

Bringing Crypto & Finance Closer to You

  • Latest News
  • Statistics
  • About
  • Contact
  • Subscribe
Subscribe
CoinLaw Logo
  • Latest News
  • Statistics
  • About
  • Contact
  • Subscribe
Subscribe
Home » Fintech

Keeta, LayerZero Partner to Tokenize Bank Deposits On-Chain

Published on: July 23, 2026, 1:35 PM EDT
Kathleen Kinder
Senior Editor • 1,969 Articles
Kathleen Kinder brings over 11 years of experience in the research industry, with deep expertise in finance, cryptocurrency, and insurance. ... See full bio
LATEST POSTS:
Bitmine Holds 6.03 Million ETH, 4.9% of Total Supply
Moscow Exchange Targets Crypto Trading Launch in December
Alex Mashinsky Hit With Lifetime Ban in New York Celsius Deal
Barry Elad
Founder & Senior Journalist • 593 Articles
Barry Elad is a finance and tech journalist who loves breaking down complex ideas into simple, practical insights. Whether he's exploring fi... See full bio
LATEST POSTS:
Crypto ETF Statistics 2026: Net Assets, Fees and Flows by Issuer
Crypto Regulation by Country Statistics 2026: Legal Status, Tax and Licensing
Biggest Crypto Hacks Statistics 2026: Ranked by Value Stolen
Keeta Layerzero Partner To Tokenize Bank Deposits
As Featured In
Deloitte logoForbes LogoFortune LogoCoinDesk LogoInvestopedia logo
Share on LinkedIn ChatGPT Perplexity Share on X Share on Facebook

Keeta and LayerZero announced a partnership to make tokenized commercial bank money natively transferable across the Keeta Network, Ethereum, Solana, and Base on July 23, 2026. The deal, according to Keeta and LayerZero, opens a regulated settlement layer to institutions on public blockchains.

Key Takeaways

  • Keeta and LayerZero launched Keeta Stablecoins, tokenized commercial bank deposits available on Ethereum, Solana, Base and the Keeta Network, according to LayerZero.
  • Keeta Stablecoins run on LayerZero’s OFT Standard: the standard lets the issuing bank keep full control of the token contract at every step, per LayerZero.
  • Bivo, a U.S.-licensed financial technology platform, holds the commercial bank deposits backing the tokens through a partner-bank network.
  • Keeta Stablecoins expand this month to the U.S. dollar plus eight other major currencies, including the euro, yen, and yuan, per Keeta.
  • A group of major U.S. banks is building its own tokenized-deposit network, but that system stays closed to banks only.

What Happened?

The centerpiece of the deal is Keeta Stablecoins, a new category of tokenized commercial bank money built for institutions that already move volume through Crypto exchanges and onchain settlement rails. The tokens move on the chain an institution already uses and settle in seconds. The future of institutional money isn’t a walled garden, said Ty Schenk, Founder and CEO of Keeta, framing the launch as a break from closed bank networks.

Bivo, a U.S.-licensed financial technology platform with access to U.S. payment rails and a partner bank network, holds the commercial bank deposits backing the tokens. That structure sets the tokens apart from typical stablecoin design: unlike traditional stablecoins, which are typically pegged to a single currency and rely on a mix of reserves, Keeta Stablecoins represent actual commercial bank money.

(1/8) Keeta has partnered with @LayerZero_Core to bring tokenized commercial bank money to major blockchains.

Together, we’re the first to combine regulated, compliance-native infrastructure with omnichain interoperability, enabling financial institutions to move bank-grade… pic.twitter.com/QKPJff0b7N

— Keeta (@KeetaNetwork) July 23, 2026

How the OFT Standard Keeps Banks in Control?

Keeta Stablecoins run on LayerZero’s OFT Standard, a universal token standard that extends dollar liquidity across supported blockchains while letting the issuing institution retain full contract authority at every step.

Under that standard, a project deploying a token keeps complete ownership of its contracts, chooses which chains to deploy on, and sets how transfers get verified through a Security Stack. The standard has run in production for 21 months and has secured over $4.5 billion in transfer volume across more than 45 chains, and over 100 projects have adopted it, from stablecoins to gas tokens.

That ownership structure matters for a bank issued asset. Because the OFT Standard never hands custody or verification control to LayerZero, a bank keeps the same compliance levers over a tokenized deposit that it holds over its own ledger entry.

Why an Open Rail, Not a Bank Consortium?

A consortium of major U.S. banks recently disclosed plans to build a shared tokenized deposit network as a closed, banks only system. The Keeta-LayerZero partnership offers an alternative: the same institutional grade instruments available today, but on open public chains.

Simon Baksys, Chief Business Officer at LayerZero, made the same split explicit: traditional stablecoins already prove the demand to move dollars on-chain, and the next unlock is instruments that institutions can settle across chains and currencies. LayerZero already connects more than 170 public blockchains, and Keeta holds a place in the Visa Direct payments network while operating what the companies call the most scalable Layer 1 blockchain ever built.

Pairing a Visa Direct connection with an open, multi-chain rail is the real pitch here: a bank need not trade payments network settlement finality for public blockchain reach.

Newsletter Img
Don't chase the news. Let us curate it.

You get one weekly briefing with only the stories that matter. If the market is quiet, we skip it.

Read by pros at Visa, Mastercard, Vanguard, and the FDIC.

Implications for Institutional Crypto

Keeta was founded in 2022 and is backed by Eric Schmidt, the former CEO of Google, and built its network to meet the regulatory and operational requirements of financial institutions. A Google Cloud stress test independently found Keeta Network capable of over 11 million transactions per second, running on Google’s Spanner database, third-party confirmation of the throughput claim underpinning this partnership.

Real bank deposits, open-chain distribution, and independently verified throughput read less like a stablecoin launch and more like a bid to route around correspondent banking. If banks choose the open rail, Decentralized finance markets gain a bank-grade dollar leg alongside reserve backed stablecoins, not in place of them.

CoinLaw’s Takeaway

This launch turns a legal question, whether a bank deposit can leave the bank’s own ledger and still function as a bank deposit, into an infrastructure answer. The OFT Standard’s design means Keeta and any bank issuing through it keep the same contract authority over a token on Ethereum or Solana that they hold over an entry in their own core banking system.

That is the detail separating Keeta Stablecoins from a reserve backed stablecoin a bank cannot recall or freeze in the same way. Institutions already routing dollars through card-network-grade rails now get another option: distribute bank money over public chains without handing custody to a bridge or joining a closed bank consortium.

The real test is adoption, not architecture. An open rail only matters if banks route real deposits through it instead of the consortium’s closed network, and neither company has named a bank customer yet. Until a bank signs on, this is a credible technical answer to a structural argument the industry has been having since the earliest bank-consortium tokenization pilots, not proof that banks will choose openness over control.

Definition of Blockchain. Link to full glossary entry follows the description.Blockchain

A distributed digital ledger that records transactions across a network, with each block cryptographically linked to the previous one for security.

Read more about Blockchain

Definition of Layer 1. Link to full glossary entry follows the description.Layer 1

A Layer 1 is the base blockchain layer that settles its own transactions, enforces its own consensus, and secures its own ledger. Bitcoin, Ethereum, Solana.

Read more about Layer 1

Definition of Cross-Chain. Link to full glossary entry follows the description.Cross-Chain

Cross-chain is the ability to move data or assets between separate blockchains via bridges, messaging protocols, or interoperability networks.

Read more about Cross-Chain

Definition of Gas Fee. Link to full glossary entry follows the description.Gas Fee

A gas fee is the transaction cost paid to Ethereum validators for the computational effort needed to process and confirm blockchain operations.

Read more about Gas Fee

Definition of Stablecoin. Link to full glossary entry follows the description.Stablecoin

A stablecoin is a cryptocurrency tied to a reserve asset like the US dollar, designed to maintain a stable value for trading, payments, and transfers.

Read more about Stablecoin

This article has been reviewed and fact-checked by Barry Elad. CoinLaw follows strict Publishing Principles and a documented Fact-Check Policy to ensure accuracy, transparency, and editorial independence across all content.

Add CoinLaw as a Preferred Source on Google for instant updates! Follow on Google News
Share ChatGPT Perplexity

References

  • Keeta and LayerZero Partner to Bring Tokenized Bank Deposits to Public Blockchains (PRNewswire, July 23, 2026)
Kathleen Kinder

Kathleen Kinder

Senior Editor


Kathleen Kinder brings over 11 years of experience in the research industry, with deep expertise in finance, cryptocurrency, and insurance. At CoinLaw, she writes timely, reader-focused news articles and also serves as a senior editorial reviewer. Drawing on her background in B2B research, consumer insights, and executive interviews, she ensures every piece delivers clarity, accuracy, and real-world relevance.

Related Posts

Oobit Enables Global Crypto To Bank Transfers
Cryptocurrency

Oobit Launches Instant Crypto to Bank Transfers Worldwide

Layerzero Launches Zero Blockchain
Cryptocurrency

LayerZero Launches ‘Zero’ Blockchain Backed by Citadel, ICE and DTCC

Swift S Blockchain Ledger Goes Live With 17 Banks
Payments

Swift’s Blockchain Ledger Goes Live With 17 Banks

Disclaimer: The content published on CoinLaw is intended solely for informational and educational purposes. It does not constitute financial, legal, or investment advice, nor does it reflect the views or recommendations of CoinLaw regarding the buying, selling, or holding of any assets. All investments carry risk, and you should conduct your own research or consult with a qualified advisor before making any financial decisions. You use the information on this website entirely at your own risk.

Reader Interactions

Leave a Comment Cancel reply

Primary Sidebar

Connect With Us

facebook x linkedin google-news telegram pinterest whatsapp email
google-preferred-source-badge Add as a preferred source on Google

You Should Also Read

BitGo and ZKsync Bring Banks Onchain With Tokenized Deposits
JPMorgan, Citi, BofA to Build Blockchain Deposit Network
Tether Invests in LayerZero to Scale USDt0 and Agentic Finance

Table of Contents

  • Key Takeaways
  • What Happened?
  • How the OFT Standard Keeps Banks in Control?
  • Why an Open Rail, Not a Bank Consortium?
  • Implications for Institutional Crypto
  • CoinLaw’s Takeaway

Weekly stats quiz Week 42

How much of a crypto geek are you?

5 fast questions from this week's verified market data. About a minute.

Play the quiz New every Monday

Footer

CoinLaw Logo

Bringing Finance Closer to You.

Connect With Us

Follow Us on Google News

Editorial & Trust

  • About
  • Publishing Principles
  • Fact-Check Policy
  • Corrections Policy
  • Ethics Policy
  • Disclaimer
  • Cookie Policy

Worth Checking

  • The Crypto Desk
  • Exchange Listings Tracker
  • Crypto Regulation Tracker
  • Retail Options Trading Stats
  • Banking Customer Retention Stats
  • NFT Market Growth Stats
  • DeFi Market Stats
Contact Us
13570 Grove Dr #189,
Maple Grove, MN 55311,
United States
10 a.m. – 6 p.m. | Every day

Copyright © 2024–2026 CoinLaw. All Rights Reserved. Powered by the HODL Force ❤️

  • Privacy Policy
  • Terms
  • Accessibility Statement
Manage your privacy
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show (non-) personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
Manage options
  • {title}
  • {title}
  • {title}
Manage your privacy
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
Manage options
  • {title}
  • {title}
  • {title}
Company
  • About Us
  • Our Team
  • Our Mission
  • Core Values
Discover
  • glossary icon
    Glossary
  • Stats
    Stats Research Process
  • Brand Guide Icon
    Brand Assets
Categories
  • Cryptocurrency
  • Payments
  • Investments
  • Banking
  • Finance
Cryptocurrency
Crypto Regulation by Country 2026: Legal Status, Tax and Licensing
Crypto Regulation by Country Statistics 2026: Legal Status, Tax and Licensing
Biggest Crypto Hacks Statistics Ranked by Value Stolen
Biggest Crypto Hacks Statistics 2026: Ranked by Value Stolen
Perpetual Futures Statistics Volume Funding and Leverage
Perpetual Futures Statistics 2026: Volume, Funding and Leverage
Bitcoin Treasury Companies Statistics Holdings and Cost Basis
Bitcoin Treasury Companies Statistics 2026: Holdings and Cost Basis
Prediction Market Statistics Kalshi vs Polymarket Volume
Prediction Market Statistics 2026: Kalshi vs Polymarket Volume
AI Trading Bot Statistics
AI Trading Bot Statistics 2026: Market, Platforms and MEV Data
Payments
Remittances By Country Statistics
Remittances by Country Statistics 2026: Inflows and Cost
Cash App vs Zelle Statistics
Cash App vs Zelle Statistics 2026: Speed, Limits and User Data
Venmo vs. PayPal Statistics
Venmo vs PayPal Statistics 2026: Users, Fees and Volume
Toast Statistics 2026: ARR, GPV, Take Rate and Revenue
Toast Statistics 2026: ARR, GPV, Take Rate and Revenue
Rapyd Statistics 2026: Valuation, Revenue and PayU Deal
Rapyd Statistics 2026: Valuation, Revenue and PayU Deal
Marqeta Statistics
Marqeta Statistics 2026: TPV, Revenue and Customer Mix
Investments
Crypto ETF Statistics Net Assets Fees and Flows by Issuer
Crypto ETF Statistics 2026: Net Assets, Fees and Flows by Issuer
Largest Investment Banks Statistics
Largest Investment Banks Statistics 2026: Revenue, League Tables and Headcount
Public vs Robinhood Statistics
Public vs Robinhood Statistics 2026: Users, Assets, and Fees Compared
Robinhood vs Acorns Statistics
Robinhood vs Acorns Statistics 2026: Users, AUM and Fees
Robinhood vs Fidelity Statistics
Robinhood vs Fidelity Statistics 2026: Accounts, AUM, and Fees Compared
Robinhood vs Schwab Statistics
Robinhood vs Schwab Statistics 2026: Users, Assets, Pricing
Banking
Global Systemically Important Banks Statistics
Global Systemically Important Banks Statistics 2026: Bucket Allocation and Capital Surcharges
Bank Failures Statistics
Bank Failures Statistics 2026: FDIC Data, DIF Costs, and Recent Trends
The 15 Largest Banks in the US
The 15 Largest Banks in the US in 2026: By Assets, Deposits, and Branches
N26 Statistics
N26 Statistics 2026: Customers, Deposits, Revenue and the BaFin Growth Cap
Revolut vs Monzo Statistics
Revolut vs Monzo Statistics 2026: Customers & Profit
Islamic Banking Statistics Assets Growth and Top Markets
Islamic Banking Statistics 2026: Assets, Growth, and Top Markets
Finance
Federal Tax Revenue By State Statistics
Federal Tax Revenue by State Statistics 2026: IRS Gross Collections, Top 10 States, Donor vs Recipient
Tariff Revenue Statistics
Tariff Revenue Statistics 2026: Customs Duties and IEEPA Refunds
Emergency Fund Statistics
Emergency Fund Statistics 2026: How Much Americans Have Saved (and How Much They Should)
Financial Advisor Statistics
Financial Advisor Statistics 2026: Headcount, AUM, and Demographics
Wealth Inequality Statistics
Wealth Inequality Statistics 2026: Hidden Wealth Divide
Blockchain In Supply Chain Finance Statistics
Blockchain in Supply Chain Finance Statistics 2026: Trade Breakthrough
Categories
  • Cryptocurrency
  • Fintech
  • Payments
  • Compliance
  • Investments
Cryptocurrency
Bitmine 17362 Eth Purchase
Bitmine Holds 6.03 Million ETH, 4.9% of Total Supply
Strive 3311 Bitcoin Purchase
Strive Buys 3,311 BTC, Holdings Reach 32,773 BTC
Moex Retail Crypto Spot Dec 1 Featured 3
Moscow Exchange Targets Crypto Trading Launch in December
Strategy 250 Btc Purchase
Strategy Buys 250 BTC, Repurchases $192M STRC
Kraken Uae Vara Full Market Approval
Kraken Plans UAE Launch After VARA Full Market Approval
Ledger 86m Usd Wallet Hack Reported
Ledger Users Drained of Over $86M in Suspected Exploit
Fintech
Payward And Saldo Bank Acquisition
Kraken Owner Payward Plans Saldo Bank Purchase: Report
Og Com Cryptostruct Event Contracts
CryptoStruct Opens OG.com Event Contracts to Algo Traders
Bybit Ceo Ben Zhou Keynote October 13
Bybit CEO Ben Zhou Sets Global Livestream Keynote
Pharos Network Realfi Ai Agent Native Upgrade
Pharos Expands RealFi With Powerful AI Agent Upgrade
Soneium Dayonedream Unveil K Pop Ip Tokenization Deal
Soneium, DayOneDream Unveil K-Pop IP Tokenization Deal
Binanec 100m Circle Stock Purchase
Binance Takes $100M Circle Stake in Strategic USDC Move
Payments
Privy Wallets Xrp Ledger Rlusd
Stripe’s Privy Brings Embedded Wallets to the XRP Ledger
Polygon Tron Usdt Support
Polygon Open Money Stack Adds TRON USDT Support
Circle Foundation Backs UNDP WFP Stablecoin Aid Payments
Circle Foundation Backs UNDP, WFP Stablecoin Aid Payments
Bybit Openpayd Unified Fiat Payments
Bybit’s OpenPayd Deal Brings Fiat Payments Under One Roof
Ecb Launches Pontes Digital Euro
ECB Launches Pontes, Its Wholesale Digital Euro Platform
Moneygram Launches Stablecoin Backed Visa Card In Colombia
MoneyGram Launches Stablecoin-Backed Visa Card in Colombia
Compliance
Celsius Alex Mashinsky Crypto Ban New York
Alex Mashinsky Hit With Lifetime Ban in New York Celsius Deal
Uk Sanctions Crypto Payments To Russia
UK Blacklists 5 Crypto Platforms in Bold Russia Sanctions
New York Sues Polymarket Calls Prediction Markets Illegal Gambling
New York Sues Polymarket, Calls Prediction Markets Illegal Gambling
Ecb Central Banks Drop Stablecoin Deposits Rule Featured 1
ECB Pushes to Drop Mandatory Stablecoin Deposit Rule
Avalanche L1 Uaepass Blockchain Id
Avalanche Powers UAE Identity Vault for 12.5M People
Fca Review Uk Predictions Market
UK Prediction Markets Gain Hope as FCA Reviews Ban
Investments
Okx Investment Ripple Circle Standard Chartered
OKX Raises Strategic Capital at $25 Billion Valuation
Payward And Bny Partnership Crypto Custody
Payward and BNY Explore Strategic Crypto Tie-Up
Strategy Locks Strc Dividend Rate At 12 For October
Strategy Locks STRC Dividend Rate at 12% for October
Cboe S P 500 Options Spx
Cboe and S&P DJI Extend SPX Options Exclusivity to 2051
Ondo Finance Blackrock Tokenized Stock
Ondo Brings BlackRock Portfolios On-Chain in Major Move
Kalshi Eyes 60 Stock Perps
Kalshi Eyes 60 Stock Perps as Leverage Debate Heats Up
Newsletter Img

Too much noise in crypto?

We respect your time. You get one high-impact briefing a week. If the market is quiet, so are we.

Read by pros at Visa, Mastercard, Vanguard, and the FDIC.
Newsletter Img

The Weekly Briefing

We track the market 24/7. You get a 5-minute summary. If it’s quiet, we skip it.

Read by pros at Visa, Mastercard, Vanguard, and the FDIC.