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Memento to advance the integration of institutional finance on blockchain with Zeeve
Key takeaways
- Zeeve has partnered with Memento for the launch of their zkSync Layer2 hyperchain.
- Memento Hyperchain introduces a secure, personalized and controlled blockchain environment suitable for institutional finance, addressing scalability issues and enabling low-cost transactions on Ethereum.
- Leveraging Zeeve’s RaaS ecosystem, the partnership streamlines the deployment and management of Memento’s Hyperchain on the Ethereum mainnet, equipped with automated configuration, management dashboards and robust security features.
- With custom features and EVM compatibility, the Memento hyperchain fosters compliance-focused institutional DeFi operations, providing a gateway to create native digital assets and unlock new opportunities in the financial landscape.
Zeevea leading Rollups-as-a-Service provider, today announced its partnership with Memento to launch a new Layer 2 solution, Hyperchain, powered by zkSync’s ZK Stack technology.
The new Hyperchain is designed to address the main concerns that have deterred traditional financial sectors from adopting public blockchains, namely security and customization issues. Using zkSync’s zero-knowledge (ZK) proofs, a cutting-edge cryptographic method, Hyperchain aims to provide a scalable and secure environment for institutional finance to operate on the blockchain, facilitating scalable, low-cost transactions that ultimately by settling on the Ethereum network.
“By welcoming the Memento community into our ecosystem, we look forward to advancing institutional finance together,” Zeeve said in a statement.
This initiative is not just a technological upgrade but a strategic alignment to bridge the gap between traditional finance (TradFi) and DeFi, offering the best of both worlds.
The partnership highlights Hyperchain capabilities including automated configuration for compliance and security, management dashboards, essential developer tools, and enhanced security features such as DDoS protection and defense against malware. These features aim to ensure that the platform remains robust and adaptable to the needs of institutional actors.
Additionally, Hyperchain will benefit from Zeeve’s infrastructure expertise, allowing it to move from a proof of concept on a testnet to full operational capacity on the mainnet.
“Memento’s launch of Layer 2 Hyperchain is a thoughtful move for its institutional DeFi operations, where compliance and controlled experimentation meet innovation and the power of decentralized finance,” says co-founder and CEO from Zeeve, Dr. Ravi Chamria.
Memento’s technical director, Fabrizio Audisio, highlighted the potential impact of the project. “Hyperchain will open new avenues to merge traditional and decentralized finance.”
With its launch, Hyperchain introduces a compliance-focused environment, supported by double-layer KYC processes to weed out bad actors, and EVM compatibility to ensure seamless integration with existing Ethereum applications. This platform also supports the creation of native digital assets through applications such as the Domani protocol, significantly improving the DeFi institutional landscape.
Zeeve’s commitment to security, demonstrated by its robust network of more than 40 industry partners and a user base of more than 30,000, underscores its position as a trusted global infrastructure provider. This partnership not only represents a pivotal moment for Zeeve and Memento, but also paves the way for future innovations enabling traditional financial institutions to safely and efficiently engage in the booming world of DeFi.
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