Swift, Wells Fargo and 13 other organizations have joined LF Decentralized Trust, a Linux Foundation-hosted organization covering open-source projects such as Hyperledger Fabric and Besu. The organization also launched Panarus, a tokenization infrastructure project, and CLPR, a Cross-Ledger Protocol Research lab. The arrival of these new members marks a shift: large financial institutions are now interested in open standards and neutral infrastructure rather than proprietary experiments that cannot connect to each other. Swift, a global financial messaging network, is already experimenting with shared-ledger infrastructure and tokenized bank deposits.
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