San Francisco, CA, May 9th, 2024 - Metallicus, a leader in compliant blockchain financial technology, has announced the launch of its Layer 2 banking solution, Metal L2, joining the Optimism Superchain alongside Coinbase’s ‘Base’ network, Worldcoin, Frax, and others.

Metal L2 uniquely positions itself within the ecosystem by providing direct connections to banks, payment partners, and comprehensive on-chain identity solutions—critical components necessary to scale in Web3 while maintaining rigorous compliance, a core part of Metallicus’s mission to ‘build the world’s most customer-centric digital asset banking network.’ In addition, Metal L2 brings a new type of stablecoin native to the ecosystem, Metal Dollar (XMD) which offers an index basket supporting instantaneous transfer between all major stablecoins and fiat ramps.

The connectivity is enabled through Metal L2’s interoperability with Metal Blockchain, a Layer 0 blockchain solution developed by Metallicus specifically for banks, credit unions, and financial institutions. This platform facilitates the development of blockchain-based use cases that are ready to comply with existing industry requirements, such as the Bank Secrecy Act (BSA).

"We're delighted to join the Optimism Superchain ecosystem with the launch of Metal L2,” said Marshall Hayner, CEO of Metallicus. “Our goal is to integrate our seamless fiat on-ramp, offering the lowest fees in the Superchain, and to connect the Metallicus banking network, bringing the worlds of decentralized finance (DeFi) and traditional finance (TradFi) one step closer. Metal L2 enables any dApp or application built on the network  to instantly connect to the greater world of payments and banking.”

Metallicus is actively onboarding applications onto Metal L2, including DEXs, lending protocols, social networks, and more. 

"Building easy-to-use, customer-centric digital banking experiences is critical to driving blockchain finance forward and we’re thrilled that Metallicus is bringing their expertise in this space to the Superchain ecosystem,” said Ryan Wyatt, Chief Growth Officer at Optimism Unlimited. “Metal L2 is leveraging the battle-tested, open-source OP Stack codebase and contributing back to the Optimism Collective with their commitment to the Superchain."

The launch of Metal L2 follows the Metal Blockchain Banking Innovation Program’s recent success, which has attracted significant adoption from U.S. credit unions exploring blockchain use cases in the banking sector.