Web3 interoperability layer the bridge has launched a turnkey solution for Infrastructure as a Service (IaaS) that provides a subscription-based interoperability service to facilitate cross-chain movements on Ethereum (ETH) and Solana (SOL) virtual machines, according to a November 1 statement shared with Crypto.
The newly launched IaaS is designed to address key challenges hindering interoperability between the Ethereum and Solana ecosystems. To do this, the service is packaged as an all-in-one solution, utilizing a number of deBridge products.
As a result, the service will facilitate the transfer of authenticated messages via deBridge and promote high-quality cross-chain trading and value transfers using the DeSwap Liquidity Network (DLN).
The IaaS would also promote the custody of assets across the chain deporta native protocol for bridging and creating utility for assets on other blockchains.
Meanwhile, deBridge also noted that IaaS will help project developers overcome the hurdle of composability for their blockchains. By offering composibility, deBridge hopes the product will help chains attract more users, developers and liquidity from outside their ecosystem.
On board Neon Labs
deBridge said it has engaged Neon Labs, an Ethereum Virtual Machine on Solana, as the first client.
This strategic use of IaaS positions Neon for greater adoption, and includes activities such as cross-SVM contract calling from the EVM, native bridging from Solana, and the integration of cross-NFTs (cNFTs).
However, it’s worth noting that deBridge’s new IaaS platform is part of new partnerships for its DLN merchant product. The interoperability layer will arrive on October 30 announced that DLN is working with RockawayX and Fordefi to bring institutional-quality liquidity to the cross-chain.
According to DLN, the partnership will enable easy and rapid movement of multi-million dollar cross-border transfers.
“Our venture aims to solve the cross-chain liquidity bottleneck by empowering the most talented private market makers in DeFi to deploy institutional liquidity.”