Swift And Wells Fargo Join Linux Foundation Blockchain Group

Swift, Wells Fargo and 13 other organizations have joined LF Decentralized Trust. The organization has also launched Panarus, a new tokenization project, and CLPR, a cross-ledger protocol research lab. The additions bring more traditional financial institutions directly into open-source blockchain infrastructure development. **ID:** B25-07 **Site:** Bitcoinist **Status:** READY **Author:** Bitcoinist Editorial Team **Focus Keyword:** Swift **Image Keyword:** Blockchain **Category:** Technology **Tags:** Swift, Wells Fargo, Linux Foundation, Blockchain, Tokenization **Primary Source:** https://www.lfdecentralizedtrust.org/blog The New Members Are Joining More Than A Trade Group LF Decentralized Trust sits underneath a collection of open-source projects used across enterprise and blockchain systems. Its portfolio includes technologies such as Hyperledger Fabric and Besu, along with broader identity, interoperability and tokenization tooling. That makes membership more practical than simply signing up to an industry association. Members can contribute engineering resources, governance and funding to infrastructure intended to remain openly available. Swift joining is particularly notable. The global financial messaging network is already experimenting with shared-ledger infrastructure and tokenized bank deposits. Wells Fargo brings another major regulated financial institution into the same open-source environment. Their arrival reflects how blockchain adoption inside large financial firms is changing. Institutions are increasingly interested in shared standards and neutral infrastructure rather than proprietary experiments that cannot easily connect to one another. Tokenization And Cross-Ledger Connectivity Get New Projects LF Decentralized Trust is also launching two new initiatives. Panarus is focused on tokenization infrastructure, while the Cross-Ledger Protocol Research lab, or CLPR, will explore ways for separate ledger systems to communicate and coordinate. Interoperability is becoming one of the central problems in institutional tokenization. Banks can create tokenized deposits. Asset managers can issue tokenized funds . Exchanges can build digital-asset venues. Those systems become much more useful when value can move between them without every pair of institutions building a custom connection. That is why open standards matter. The 15 new members do not mean Swift or Wells Fargo is moving its entire business onto a public blockchain. It means institutions that once treated distributed ledgers as an outside technology are increasingly helping shape the infrastructure themselves. That may ultimately matter more than another isolated blockchain pilot. *This article was written by the News Desk and edited by [Samuel Rae](https://bitcoinist.com/author/samuelrae/).*