LayerZero Labs reposted this
LayerZero Labs and IntellectEU are collaborating on a new innovative approach to Delivery vs. Payment (DvP) transactions by integrating on-chain settlement with off-chain payment rails for financial institutions. This combines LayerZero's leading blockchain interoperability protocol with IntellectEU’s Catalyst Integration Manager, allowing for seamless execution of cross-chain transactions directly from financial institutions' back offices. The proof of concept demonstrates secure and efficient cross-chain DvP transactions, initiated through Swift MT messages and completed with smart contracts on both private and public blockchains, facilitated through the LayerZero protocol. This approach also minimizes counterparty risk and ensures compatibility with existing banking systems. Details regarding the execution of the solution can be found in our Medium post: 🔗 https://lnkd.in/gzmKB7XE Join us at Consensus 2024 in Austin, TX, where we'll showcase the demo at the Hyperledger Foundation booth @ 10:00AM from Thursday, 30th - Friday, 31st of May. Experience firsthand how LayerZero and IntellectEU are shaping the future of finance on-chain with secure, efficient, and interoperable solutions.