Citadel Securities and ARK Invest Back LayerZero Lab’s Zero Blockchain Initiative
Citadel Securities and ARK Invest have strategically supported LayerZero Lab's launch of Zero, a heterogeneous blockchain architecture aimed at revolutionizing traditional finance. ARK Invest CEO Cathie Wood will join the project's advisory board, with LayerZero Labs CEO Bryan Pellegrino envisioning Zero as a catalyst for bringing global finance on-chain.
The initiative has secured backing from Google Cloud and the Depository Trust & Clearing Corporation (DTCC), enhancing Zero's infrastructure, security, and interoperability for tokenized markets. Intercontinental Exchange is also evaluating Zero's potential for round-the-clock trading.
While Citadel Securities has historically avoided direct token purchases, both Citadel and ARK acquired the ZRO token, with ARK taking an equity stake in LayerZero. Cathie Wood describes the project as a historic opportunity at the intersection of finance and the internet.
