Ubyx, a NYC-based provider of a stablecoin clearing system, raised $10M in Seed funding

Fireblocks launches LayerZero integration, enabling institutions to issue stablecoins on over 35 blockchains with unmatched security, governance, and no-code deployment.The integration supports seamless OFT-enabled stablecoin issuance, solving fragmentation across chains.Institutions benefit from enterprise-grade controls, real-time compliance tools, and effortless multi-chain scaling.The Wyoming Stable Token Commission and WSPN (Worldwide Stablecoin Payment Network) are the first adopters, setting a new precedent for secure, interoperable stablecoin infrastructure.VANCOUVER, BC, May 19, 2025 /PRNewswire/ -- Fireblocks , an enterprise platform for managing digital asset operations and building innovative businesses on blockchain, announced today it has expanded its Tokenization Engine with the launch of a new integration with LayerZero , the industry's leading interoperability protocol. With LayerZero, thousands of Fireblocks customers can issue and manage stablecoins across more than 35 chains with ease, security, and governance.The growing importance of stablecoins in the global payments ecosystem has catapulted the stablecoin market cap past $230 billion, doubling that of last year. With the world increasingly recognizing the transformative potential of stablecoins, the demand for robust infrastructure is reaching a feverish peak.This integration combines Fireblocks' battle-tested security and operational efficiency with LayerZero interoperability. LayerZero's Omnichain Fungible Token (OFT) standard will now facilitate the issuance of stablecoins and other RWAs that can seamlessly operate across multiple blockchains.By integrating LayerZero's technology into the Fireblocks platform, clients can now create OFT-enabled stablecoins in just a few clicks, all while benefiting from Fireblocks' industry-leading security, governance, and controls.LayerZero and Fireblocks are addressing the primary challenge of fragmentation in today's digital asset ecosystem, making the tokenization of stablecoins and real-world assets more interoperable, secure, and efficient.Institutional-grade security meets effortless multi-chain deploymentThe rise of institutional interest in digital assets is accompanied by a heightened need for security and governance. Institutions rely on Fireblocks' defense-in-depth approach to deploying and managing smart contracts, building on institutional-grade key management and fine-grained governance controls.Fireblocks has supported stablecoin issuance by banks worldwide since ANZ Bank launched the first Australian dollar stablecoin in 2022. LayerZero has also supported stablecoin issuance, with $10B in stable assets building with its OFT Standard, including USDT0, USDe, and PYUSD