Citadel Securities to support LayerZero's new 'Zero' blockchain

Citadel Securities, along with the Depository Trust & Clearing Corporation (DTCC) and Intercontinental Exchange (ICE), will support the development of LayerZero's new blockchain, "Zero," Decrypt reported. The project is designed to address structural constraints faced by institutional investors in trading, clearing, settlement, and tokenized assets. According to LayerZero, "Zero" offers high throughput and low costs because it does not require all participants to process the same transactions. The launch is scheduled for this fall. LayerZero previously announced that Ark Invest CEO Cathie Wood had joined its advisory board.