LayerZero and 21X Complete Institutional On-Chain Order Book Pilot on Zero Private Permissioned Chain, Matching 10,000 Orders per Second

Nov 5 — According to a joint announcement from LayerZero and 21X, the two parties completed a roughly one-month pilot on a private permissioned instance of the Zero blockchain, running the central limit order book of 21X — a licensed trading and settlement venue under the EU DLT pilot regime — entirely on-chain (with no off-chain matching), and recorded 10,000 order matches per second, up to about 45 times higher than the institutional-grade EVM baseline; the pilot focused on tokenized US equities, with matching and settlement completed in the same transaction. Zero was previously announced by LayerZero together with Citadel Securities, DTCC, ARK Invest and Intercontinental Exchange.