#LayerZero
2 articles tagged #LayerZero — curated RWA tokenization coverage.
8.5
Infrastructure
CoinDesk·6d ago
Over $7.2 billion have migrated from LayerZero to Chainlink CCIP as Mantle joins exodus
Over $7.24 billion in cross-chain assets have migrated from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) since May, signaling a significant shift in infrastructure preference for high-value token transfers. The latest project to join this exodus is Mantle, which is transitioning its Super Portal from LayerZero's Omnichain Fungible Token standard to Chainlink's Cross-Chain Token standard. This migration involves the MNT token, which holds over $2.5 billion in total value locked, and aims to enhance security following increased industry scrutiny of bridge configurations. The trend gained momentum after the $292 million Kelp bridge exploit, prompting major entities like Solv Protocol, Lombard, and Kraken to move billions in assets to Chainlink. By adopting CCIP, Mantle gains decentralized oracle security and direct control over token pools as it expands MNT across Ethereum, Solana, and future networks. This movement underscores the critical importance of secure interoperability infrastructure as tokenized financial assets scale globally. The transition highlights a broader market preference for robust, decentralized security standards to mitigate the systemic risks associated with cross-chain bridge failures.
8.0
U.S. Treasuries
LayerZero and Centrifuge unveil report on tokenized fund composability across 165 blockchains
On March 19, LayerZero and Centrifuge announced a strategic partnership to enable tokenized real-world assets to deploy once and operate across more than 165 blockchains. This integration addresses the critical issue of liquidity fragmentation in the $30 billion RWA market, where assets are currently siloed on individual networks. By leveraging LayerZero’s interoperability protocol, Centrifuge aims to maintain unified compliance and consistent product structures across diverse chains. The initiative includes major assets such as JTRSY, a tokenized US Treasuries fund with nearly $861 million in value, as well as JAAA collateralized loan obligations and the SPXA S&P 500 index fund. While this infrastructure is essential for scaling the RWA sector toward projected trillion-dollar valuations by 2030, it also introduces potential bridge risks and regulatory complexities regarding cross-border asset accessibility. Centrifuge’s existing relationships with SEC-registered transfer agents provide a foundational layer of compliance, yet global regulatory alignment remains a significant hurdle. Ultimately, this partnership represents a vital step in building the cross-chain plumbing necessary for institutional-grade RWA adoption.