Former Fidelity International digital asset executive joins Layer N advisory board | CoinDesk JAPAN

Layer N, a rollup network designed to scale financial applications on the Ethereum blockchain, announced today that it has announced the launch of Layer N, a rollup network designed to scale financial applications on the Ethereum blockchain. Announced the appointment of Mr. Luc Froehlich as a member of the advisory board.

Layer N is Ethereum's StateNet, a network of specialized rollups optimized for financial ecosystems aiming to onboard institutional liquidity.

Prior to joining Layer N, Mr. Froehlich spent seven years as global head of digital asset solutions, leading Fidelity International's expansion into crypto and tokenized assets.

In an email interview with CoinDesk, Froehlich said he is joining the advisory board because Layer N's ​​architecture addresses the core challenge of fragmentation in financial technology.

“Layer N overcomes the siled operations of traditional systems by introducing a network of customizable virtual machines that can seamlessly communicate and share liquidity,” Froehlich said. .

Layer N's ​​use of zero-knowledge proofs allows transactions to be verified without revealing their contents, meeting the needs of traditional finance (TradFi) for transaction confidentiality and regulatory compliance. Froehlich explained that this would meet competitive and competitive requirements.

“Blockchain technology is now ripe to seriously challenge the aging infrastructure on which traditional finance is based,” Froelich said.

LayerN recently announced its entry into the Asian market with the aim of expanding its Web3 services through a strategic investment from BlackPine and a partnership with VSFG.

｜Translation and editing: Rinan Hayashi
｜Image: Fidelity International
｜Original text: Former Fidelity International Digital Assets Executive Joins Advisory Board of Ethereum L2 Layer N