Golden Finance reported that following the launch of the testnet with Optimism's OP Stack in May, Ethereum Layer2 Kinto has migrated to the Arbitrum ecosystem through the Arbitrum Nitro technology stack. According to a statement, the migration follows changes in the structure of the Arbitrum Orbit chain ecosystem, which gives the Arbitrum Foundation greater autonomy in negotiating Layer 2 deployments. Kinto claims that it can bridge the gap between traditional finance and decentralized finance by building a KYC-compliant Layer 2 to support modern financial institutions and decentralized protocols. It also aims to reduce the risk of DeFi vulnerabilities and provide built-in insurance for all smart contracts.