LayerZero integrates TACEO's Merces for private cross-chain transfers
- —Merces wraps ERC-20 tokens into private virtual accounts using secret sharing and MPC
- —About 5 million demo transactions processed on testnets at roughly 300 TPS
- —Compliance tooling includes allowlists, AML hooks and selective disclosure
- —TACEO spun out of TU Graz in 2022; founders contributed to Poseidon and SPHINCS+
Why it matters: Private cross-chain transfers remove a key objection institutions have to public blockchains, potentially accelerating capital inflows into on-chain finance.
Source: Crypto Briefing