Former Fidelity International Executive Luc Froehlich Joins Layer N Advisory Board
Layer N, a roll-up network focused on scaling financial applications on Ethereum, has appointed Luc Froehlich, a former executive at Fidelity International based in Hong Kong, to its advisory board.
Froehlich previously served as the global head of digital asset solutions at Fidelity International, where he led the company’s exploration of cryptocurrencies and tokenized assets for seven years.
Layer N is a Layer 2 network built on Ethereum that’s focused on supporting decentralized exchanges designed to replicate their centralized counterparts.
In an interview, Froehlich expressed his motivation for joining Layer N’s advisory board, citing the protocol’s ability to address the fragmentation in financial technologies. He highlighted the project’s architecture, which introduces a network of customizable virtual machines capable of seamless communication and liquidity sharing, overcoming the siloed nature of traditional systems.
“By introducing a network of customizable virtual machines that can communicate and share liquidity seamlessly, Layer N overcomes the often siloed operation of traditional systems,” he said.
Froehlich emphasized Layer N’s utilization of zero-knowledge proofs (ZK) to address the need for transaction confidentiality in traditional finance. By enabling verification without disclosing transaction content, the project meets regulatory and competitive requirements while ensuring confidentiality. He asserted that blockchain technology is now poised to challenge the outdated infrastructure of traditional finance, signaling a significant shift in the industry landscape.
Layer N has unveiled plans to deploy a public testnet for its Nord specialized exchange roll-up, which promises significantly
