Neon EVM integrates deBridge's IAAS solution for cross-chain interoperability

Neon EVM is integrating with deBridge’s IAAS (Infrastructure as a Service) product to enhance the interaction of decentralized applications with assets across various blockchain networks and help foster cross-chain interoperability.

Announced at Solana Breakpoint 2023 in Amsterdam, deBridge’s IAAS solution combines asset custody, high-performance trading and generic messaging in a single product, according to a statement. 

The dePort asset custody feature enables the custody of assets from different networks, simplifying the scaling of projects and DAOs into other blockchain ecosystems while maintaining auditability. Its decentralized liquidity network allows for trading assets without confining them to traditional liquidity pools, offering zero slippage, deeper market depth, faster settlement and native asset trading. Finally, its data transfer feature enables authenticated cross-chain messaging, providing interoperability support for multiple chains, the team said.

“This partnership between deBridge and Neon EVM is a momentous step towards interoperability between different blockchain ecosystems,” Neon Foundation director Marina Guryeva added. “It will help unlock the full potential of the EVM on Solana.”

Released in July, Neon EVM enables Ethereum Virtual Machine developers to build Ethereum applications on top of Solana. 

Neon EVM’s integration expands deBridge’s IAAS reach, which already supports multiple chains, including Arbitrum, Avalanche, BNB Chain, Ethereum, Polygon, Solana, Optimism and Base.