Zeeve Partners with Memento to Launch Hyperchain, Revolutionizing Institutional Finance on Ethereum
In a groundbreaking move, Zeeve, a leading Rollups-as-a-Service provider, has announced a strategic partnership with Memento to launch a new Layer 2 solution, the Hyperchain, powered by zkSync’s ZK Stack technology. This partnership aims to revolutionize institutional finance on the Ethereum network by addressing key concerns around security, scalability, and customization.
The Hyperchain, introduced by Memento, offers a secure, customized, and controlled blockchain environment tailored specifically for institutional finance. By leveraging zkSync’s zero-knowledge (ZK) proofs technology, the Hyperchain ensures a scalable and secure platform for low-cost transactions that settle on the Ethereum mainnet. This initiative not only bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi) but also offers a gateway for creating digital-native assets and unlocking new opportunities in the financial landscape.
With automated setup, management dashboards, and robust security features, the Hyperchain streamlines the deployment and management process for institutional players. The platform also boasts dual-layered KYC processes to eliminate bad actors, EVM compatibility for seamless integration with existing Ethereum applications, and essential development tools to support compliance-driven operations.
Dr. Ravi Chamria, Co-founder and CEO of Zeeve, expressed excitement about advancing institutional finance through this partnership, stating, “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 decentralized finance.”
Fabrizio Audisio, CTO of Memento, highlighted the potential impact of the Hyperchain, stating, “The Hyperchain will open up new avenues for merging traditional and decentralized finance.”
This partnership not only signifies a pivotal moment for Zeeve and Memento but also sets the stage for future innovations in the intersection of traditional financial institutions and the world of DeFi. With a strong focus on security and infrastructure expertise, Zeeve and Memento are poised to reshape the institutional finance landscape on Ethereum.
The launch of the Hyperchain marks a significant step towards creating a compliance-driven environment for institutional DeFi operations, offering a secure and efficient platform for financial institutions to engage with the growing DeFi ecosystem. This partnership is a testament to the potential of blockchain technology to revolutionize traditional finance and pave the way for a more inclusive and efficient financial future.
