@BDACSKorea has selected LayerZero's OFT standard to take KRW1, the first on-shore Korean won-backed stablecoin, cross-chain.
KRW1 is now the first Korean won-backed stablecoin natively transferrable across major DeFi ecosystems
🤝 BDACS x LayerZero | KRW1 Goes Omnichain
@BDACSKorea selects @LayerZero_Core Labs's OFT (Omnichain Fungible Token) standard to make KRW1 natively interoperable across chains.
KRW1 supply moves seamlessly across networks, with no fragmented liquidity and no wrapped stand-ins.
"We firmly believe the institutional unlock here is to provide a neutral infrastructure for broker-dealers and exchanges to create markets on ATLAS and be able to set up what the right front end looks like for them."
- @cameron_nili this week at @rwasummit
Great speaking at @rwasummit this week to share more on the institutional vision for ATLAS.
“[Wall Street firms] care about control and configuration. They want to have control over the environment that they expose to their end customers, and ensure that there are sufficient
"LayerZero has built the messaging infrastructure that connects 170+ blockchains, facilitated more than $270 billion in cumulative cross-chain value transfers, and achieved the institutional traction associated with running production infrastructure at scale. Just as important,
Five years and 170+ chains later, the LayerZero team hit the structural limits of today's blockchain architectures. So they're rebuilding an entirely new base layer.
Part One of our two-part series from @LorenzoARK, @rhadiARK, and @LayerZero_Core.
ark-invest.com/articles/analy…
