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Citadel Securities backs LayerZero as it unveils ‘Zero’ blockchain for global markets

Reported by Coindesk
Feb 10, 2026· 3 min read
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Key Takeaways
  • • Citadel Securities has made a strategic investment in LayerZero's ZRO token and is collaborating with the firm to evaluate how its Zero blockchain could support high-throughput trading and post-trade workflows.
  • • LayerZero unveiled Zero, a heterogeneous Layer 1 blockchain designed for institutional-grade financial markets, targeting millions of transactions per second with near-zero fees.
  • • ARK Invest joined the backing consortium with both an equity stake and ZRO token investment; CEO Cathie Wood accepted a position on LayerZero's newly formed advisory board alongside ICE executive Michael Blaugrund and former BNY digital assets head Caroline Butler.
  • • Major infrastructure players—including DTCC, ICE, and Google Cloud—are partnering or investing, signaling institutional movement toward blockchain-based trading, clearing, and settlement systems.
  • • Tether Investments also made a strategic investment in LayerZero Labs, further validating institutional adoption of blockchain-based market infrastructure.
Summary
LayerZero Labs announced the launch of Zero, a purpose-built blockchain targeting institutional financial markets, on February 10, 2026, accompanied by strategic backing from marquee institutional investors. Citadel Securities, one of the world's largest market makers and electronic trading firms, invested in LayerZero's native ZRO token and committed to collaborating with the firm on market structure and post-trade use cases. The investment reflects Citadel's recognition that Zero's architecture could support the high-throughput requirements of professional trading and settlement workflows.

ARK Invest, the asset management firm helmed by CEO Cathie Wood, joined the investor consortium by acquiring ZRO tokens and taking an equity stake in LayerZero Labs. Wood joined a newly formed advisory board that also includes Michael Blaugrund, an executive from Intercontinental Exchange (ICE), and Caroline Butler, former head of digital assets at BNY Mellon. These board appointments underscore the interplay between traditional market infrastructure operators and blockchain-based alternatives.

Zero is characterized as a heterogeneous blockchain—meaning it combines multiple architectural approaches rather than relying on a single consensus mechanism—with design specifications targeting millions of transactions per second and near-zero transaction fees. The project has garnered backing from infrastructure and market participants well beyond Citadel and ARK: the Depository Trust & Clearing Corporation (DTCC), ICE, Google Cloud, and Tether Investments have all committed strategic support, though specific investment amounts were not disclosed.

This cluster of institutional backing signals a structural shift in traditional finance's approach to blockchain technology. LayerZero Labs was previously recognized for operating one of the largest interoperability networks in cryptocurrency, enabling cross-chain asset transfers. The launch of Zero represents an expansion into primary blockchain infrastructure itself, positioning the firm to capture institutional demand for tokenized markets, real-time settlement, and 24/7 trading operations.

The investment activity reflects broader institutional confidence that blockchain and distributed ledger systems can address longstanding limitations in market efficiency, post-trade processing, and market access. Whether regulatory clearance and operational integration materialize remains a key variable for market participants evaluating this infrastructure transition.

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Sources

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Coindesk Citadel Securities backs LayerZero as it unveils ‘Zero’ blockchain for global markets