LayerZero signs partnership with Conflux to expand into China

The omnichain protocol LayerZero has signed a cooperation agreement with Conflux regarding the use of blockchain-based SIM cards (BSIM), developed by the startup and China Telecom.

? We’re thrilled to announce our partnership with @LayerZero_Labs bringing omnichain capabilities to China Telecom’s blockchain-based SIM card (BSIM)!https://t.co/BOkdbBpGUq

Read on for the exciting details!

— Conflux Network Official (@Conflux_Network) October 3, 2023

Through the partnership BSIM owners will be able to transfer assets and messages between networks via LayerZero.

Singapore-registered public blockchain developer Conflux announced the joint project with China Telecom in February. The parties said at the time they would launch a BSIM pilot in Hong Kong by the end of the year, before deploying it on the mainland.

The SIM cards created enable users to store private keys securely on their phones.

LayerZero Labs CEO Bryan Pellegrino confirmed that, thanks to the Conflux integration, the project plans to expand its presence in the Asia-Pacific region.

He added that they also expect to attract some portion of China Telecom’s 390 million customers through BSIM.

In September, LayerZero integrated the Google Cloud service’s oracles.