Hedera is integrating LayerZero (ZRO), a multi-chain interoperability protocol, into its network. The announcement comes as mainnet v0.54 launches. The integration aims to improve the Hedera Token Service (HTS), enabling the creation and management of both fungible and non-fungible tokens with fast, low-cost transactions. This development aligns with the HBAR Foundation’s goal of building Hedera as an enterprise-grade network for institutional decentralized finance (DeFi).
The integration is said to open a new direction for EVM-based liquidity on the Hedera network, connecting the ecosystem to more liquidity sources. It builds on previous infrastructure investments with providers like Copper and Elliptic, as well as the Hedera Asset Tokenization Studio. The release of Hedera mainnet v0.54 follows the earlier v0.53, which introduced critical components for the implementation of HIP-904: Frictionless Airdrops.
The announcement of LayerZero’s integration comes just days after the launch of the Canary HBAR Trust, the first-ever HBAR Trust in the United States. The initiative offers institutional investors direct access to Hedera’s native cryptocurrency, HBAR. Designed as a private offering, it allows qualified investors to safely invest in HBAR and is part of the Canary Fund’s strategy to pave the way for future HBAR-focused exchange-traded funds (ETFs).
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