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Hedera integrates LayerZero (ZRO), a multi-chain interoperability protocol, into its network. The announcement comes as mainnet v0.54 is launched. 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 to build Hedera as an enterprise-level 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 such as Copper and Elliptic, as well as the Hedera Asset Tokenization Studio. The release of Hedera mainnet v0.54 follows the previous 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 provides institutional investors with direct access to Hedera’s native cryptocurrency, HBAR. Designed as a private offering, it offers qualified investors the opportunity to invest in HBAR safely. It’s part of the Canary Fund’s strategy to pave the way for future HBAR-focused exchange-traded funds (ETFs).
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