Consensys unveils cross-ledger settlement stack for institutional networks
Consensys launched Sovereign Network Interoperability at Devcon in Mumbai, a toolkit for routing and settling transactions between separately operated institutional ledgers. Target uses include securities settlement, collateral movement, wholesale and cross-currency payments, and fund servicing, with assets staying on their home ledgers rather than crossing bridges. A zero-knowledge-based Cross Ledger Interoperability Protocol supports EVM networks now, with Canton connectivity planned.