Key Takeaways
- Zeeve has partnered with Memento for the launch of their zkSync Layer2 Hyperchain.
- Memento’s Hyperchain introduces a secure, customized, and controlled blockchain environment tailored for institutional finance, addressing scalability concerns 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 setup, management dashboards, and robust security features.
- With custom features and EVM compatibility, the Memento Hyperchain fosters compliance-driven institutional DeFi operations, offering a gateway for creating digital-native assets and unlocking new opportunities in the financial landscape.
Zeeve, a leading Rollups-as-a-Service provider, today announced its partnership with Memento to launch a new Layer 2 solution, the Hyperchain, powered by zkSync’s ZK Stack technology.
The newly introduced Hyperchain is designed to address the primary concerns that have deterred traditional financial sectors from embracing public blockchains, namely issues of security and customization. By employing zkSync’s zero-knowledge (ZK) proofs—a cutting-edge cryptographic method—Hyperchain aims to provide a scalable, secure environment for institutional finance to operate on blockchain, facilitating low-cost, scalable transactions that ultimately settle on the Ethereum network.
“By welcoming the Memento community into our ecosystem, we look forward to advance 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 the functionality of the Hyperchain, including automated setup for compliance and security, management dashboards, essential development tools, and enhanced security features like DDoS protection and malware defense. These features are geared towards ensuring that the platform remains robust and adaptable to the needs of institutional players.
Furthermore, the Hyperchain will benefit from Zeeve’s infrastructure expertise, making it possible to transition from proof-of-concept on a testnet to full operational capability on the mainnet.
“Memento’s launch of layer 2 Hyperchain is a thoughtful decision for its institutional DeFi operations, where compliance and controlled experimentation meets innovation and the power of decentralised finance”, states Zeeve Co-founder and CEO, Dr Ravi Chamria.
Memento’s CTO, Fabrizio Audisio, highlighted the project’s potential impact. “The Hyperchain will open up new avenues for merging traditional and decentralized finance.”
With its launch, the Hyperchain introduces a compliance-driven environment, supported by dual-layered KYC processes to eliminate bad actors, and EVM compatibility to ensure seamless integration with existing Ethereum applications. This platform also supports the creation of digital-native assets through applications like the Domani Protocol, significantly enhancing the institutional DeFi landscape.
Zeeve’s commitment to security, evidenced by its strong network of over 40 industry partners and a user base exceeding 30,000, underscores its position as a trusted global infrastructure provider. This partnership not only signifies a pivotal moment for Zeeve and Memento but also sets the stage for future innovations where traditional financial institutions can securely and effectively engage with the burgeoning world of DeFi.
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