<img src="https://cryptoslate.com/wp-content/uploads/2023/11/ethereum-solana-cross-chain-.jpg” />
Web3 interoperability layer deBridge has launched a turnkey Infrastructure as a Service (IaaS) solution that offers a subscription-based interoperability service to facilitate cross-chain movements on ethereum (eth) and Solana (SOL) virtual machines, according to a Nov. 1 statement. shared with cryptoslate.
The newly launched IaaS is designed to address key challenges hindering interoperability between the ethereum and Solana ecosystems. To this end, the service is presented as an all-in-one solution that is based on some of deBridge’s products.
As a result, the service will facilitate the transfer of authenticated messages over deBridge and promote high-performance cross-chain trading and value transfers using its DeSwap Liquidity Network (DLN).
Additionally, IaaS would promote cross-chain asset custody with deporta native protocol for joining and creating utilities for assets on other blockchains.
Meanwhile, deBridge also noted that IaaS will help project developers overcome the hurdle of composability of their blockchains. By providing composability, deBridge hopes the product will help chains attract more users, developers, and liquidity from outside their ecosystem.
Integrated Neon Labs
deBridge said it has incorporated Neon Labs, an ethereum virtual machine on Solana, as its first client.
This strategic use of IaaS positions Neon for greater adoption, encompassing activities such as contract calls between SVMs from EVMs, native bridging from Solana, and cross-nft (cNFT) integration.
However, it’s worth noting that deBridge’s new IaaS platform arrives amid new partnerships for its DLN commercial product. On October 30, the interoperability layer Announced that DLN has partnered with RockawayX and Fordefi to bring institutional-grade liquidity to cross-chain.
According to DLN, the partnership will enable easy and rapid movement of multi-million dollar transfers between chains.
“Our company aims to solve the cross-chain liquidity bottleneck by providing the most talented private market makers in DeFi the ability to deploy institutional liquidity.”
