BAZAARS LAUNCHES ORC-55 MULTI-CHAIN CRYPTOCURRENCY TOKEN STANDARD; BZR TOKEN FIRST TO IMPLEMENT
New Standard Enables Native Token Operation Across 10 Blockchain Networks Without Bridge Protocols.
Bazaars Launches ORC-55 Standard
LONDON, 28th Jan 2026 – Bazaars today announced the launch of ORC-55, a multi-chain cryptocurrency token standard designed to solve interoperability challenges in the blockchain industry. The company upgraded its BZR utility token to become the first token to implement the ORC-55 standard.
According to Hacken’s 2024 Web3 Security Report, the cryptocurrency industry suffered $2.9 billion in losses during 2024. Bridge protocols, which transfer tokens between blockchains by locking assets on one network and issuing equivalents on another, contributed to a portion of these losses. ORC-55 offers a more secure alternative by enabling tokens to operate natively across 10 blockchain networks: Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, Base, zkSync Era, Optimism, Cronos, and Mantle.
“We’ve taken a fundamentally different approach to how tokens work across multiple blockchains,” said Raja Al-Khatib, Co-Founder and CEO of Bazaars. “Instead of forcing users to move tokens between networks through bridges, ORC-55 tokens already exist on all supported chains. Users can interact with their tokens wherever it makes the most sense at any given time.”
ORC-55 Enables Cross-Chain Commerce
The standard supports the company’s decentralized marketplace operations in 87 countries. For crypto-commerce applications, users can choose the blockchain with the most favorable transaction fees or fastest processing speeds. Because ORC-55 tokens exist natively across all supported networks, users can interact with their tokens on any network without relying on bridge protocol conversions.
ORC-55 also introduces several technical features. The standard removes administrative functions after deployment, so no entity can modify the contract or create additional tokens. Token supply only decreases through programmatic burns, and the system tracks supply changes across all supported networks. Additionally, the standard implements allowance mechanisms to manage certain transaction timing scenarios. All token metadata stays on-chain, eliminating dependence on external servers.
Research from MarketsandMarkets projects the blockchain interoperability market to grow from $0.3 billion in 2023 to $1.0 billion by 2028. This expansion reflects increasing demand for cross-chain cryptocurrency transactions and the growth of blockchain-based commerce applications.
BZR Token ORC-55 Launches
Today, Bazaars launched the ORC-55 standard and BZR token implementation across all 10 supported blockchain networks. BZR now trades on MEXC, BitMart, and Coinstore exchanges. It also works seamlessly with Trust Wallet, MetaMask, Trezor, and Ledger wallet platforms. Bazaars continues discussions with additional platforms to expand ORC-55 integration.
The company plans to release the ORC-55 technical specification as open-source in Q2 2025. This release will allow other projects to evaluate and adopt the standard.
Bazaars operates a decentralized marketplace platform utilizing blockchain technology for peer-to-peer commerce. The platform uses BZR tokens for transactions. Technical documentation and additional information are available at https://bazaars.io or via Twitter @BazaarsHQ.
Company Details
Organization: Bazaars
Contact Person: Sarah Davies
Website: https://bazaars.app
Email: media@bazaars.app
Address: Bazaars Limited, Intershore Chambers, Road Town, Tortola, British Virgin Islands
Country: Virgin Islands (British)
Release Id: 28012640652