Blockchain
Memento to promote the integration of institutional finance on Blockchain with Zeeve
Key points
- 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 issues and enabling low-cost transactions on Ethereum.
- Leveraging Zeeve’s RaaS ecosystem, the partnership simplifies the deployment and management of the Memento Hyperchain on the Ethereum mainnet, featuring automated configuration, management dashboards, and robust security features.
- With custom features and EVM compatibility, Memento Hyperchain fosters compliance-driven institutional DeFi operations, offering a gateway for digital native asset creation and unlocking new opportunities in the financial landscape.
Zeeveleading Rollups-as-a-Service provider, today announced its partnership with Memento to launch a new Layer 2 solution, Hyperchain, based on zkSync’s ZK Stack technology.
The new Hyperchain is designed to address the main concerns that have dissuaded traditional financial sectors from adopting public blockchains, namely issues of security and customization. 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 blockchain, facilitating scalable, low-cost transactions that ultimately settle on the network Ethereum.
“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 technology 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 development tools, and advanced security features such as DDoS protection and malware defense. These features are aimed at ensuring that the platform remains robust and adaptable to the needs of institutional actors.
Additionally, 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 meet innovation and the power of decentralized finance,” says Zeeve co-founder and CEO , Dr Ravi Chamria.
Memento CTO, Fabrizio Audisio, highlighted the potential impact of the project. “Hyperchain will open up new avenues to unite traditional and decentralized finance.”
With its launch, Hyperchain introduces a compliance-driven environment, supported by dual-layer KYC processes to eliminate bad actors and EVM compatibility to ensure seamless integration with existing Ethereum applications. This platform also supports the creation of digitally native assets through applications such as the Domani protocol, significantly enhancing the DeFi institutional landscape.
Zeeve’s commitment to security, evidenced by its strong network of more than 40 industry partners and a user base of more than 30,000, underlines its position as a trusted global infrastructure provider. This partnership not only represents a pivotal moment for Zeeve and Memento, but also lays the foundation for future innovations where traditional financial institutions can securely and effectively interact with the thriving world of DeFi.
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