Cosmos Contributes IBC to Linux Foundation Decentralized Trust to Advance Blockchain Interoperability

Individuals from Wells Fargo, Figure Markets, and other industry leaders co-sponsored the formation of the new project to bring proven interoperability technology under neutral governance

NEW YORK, Nov. 9, 2026 /PRNewswire/ -- Cosmos, the open-source digital ledger stack and DLT solutions provider, and the Interchain Foundation, the non-profit that supports Cosmos and its decentralized technologies, today announced that the Inter-Blockchain Communication Protocol (IBC) is being contributed to LF Decentralized Trust, the Linux Foundation's flagship organization for the development and deployment of decentralized systems and technologies. IBC will now be hosted as a project of LF Decentralized Trust. This move is supported by Google Cloud, as well as individuals from Agoric, Blockaid, Cardano Foundation, Cosmos Labs, Cronos Labs, Datachain, Espresso Systems, Figure Markets, Hypernative, Hypha, Injective Labs, Interchain Foundation, Iqlusion, OpenZeppelin, Peersyst Technology, Range, Regen, Turnkey, Wells Fargo, Zeeve, and Zenith Network.

IBC is an open-source digital ledger interoperability protocol. Since 2021, it has processed $50B+ of transaction volume across 115+ networks.

Users of IBC include central banks in Latin America and the Caribbean; the regulated tokenized deposit platform DCP, backed by major Japanese enterprises including Internet Initiative Japan Inc. (IIJ) and SBI Holdings, Inc.; as well as the regulated digital asset issuance platform Progmat, backed by a consortium that includes Mizuho, Mitsubishi UFJ Financial Group, and Japan Exchange Group (JPX).

IBC is renowned for its high level of cybersecurity and transparency, with security features including cryptographic verification mechanisms and support for enterprise-grade key management systems. As an interoperability framework, IBC allows banks, financial institutions, and other digital ledger operators and users to securely transfer data and assets between ledgers, enabling settlement, asset issuance, and atomic DvP and PvP transactions.

"As more public and private financial institutions use digital ledgers, developers need secure, battle-tested, open source infrastructure for moving assets and data," said Barry Plunkett, co-CEO of Cosmos. "IBC is a preferred interoperability solution for enterprises, thanks to its strong track record and contributor ecosystem, and now its open governance."

"Open standards and collaborative governance can help scale secure, interoperable digital ledger infrastructure," said Vitaliy Dorum, Head of Digital Assets Platform at Wells Fargo. "Contributing IBC to LF Decentralized Trust provides a neutral forum for industry participants to collaborate on shared technical priorities in digital asset interoperability."

"Asset portability across digital ledgers depends on open interoperability standards with sound governance, which are core design principles for Google Cloud Universal Ledger. Google Cloud welcomes the contribution of IBC to LF Decentralized Trust as a neutral forum for advancing that work across the industry," said Richard Widmann, director of Web3 strategy, Google Cloud.

"When the industry uses common, transparent protocols, assets can move between markets with greater speed, lower cost, and stronger accountability, demonstrating that open standards foster the modernization of financial infrastructure," said Reid Simon, President of Digital Assets, Figure.

"The move to open financial infrastructure depends on systems that are secure, transparent, and subject to accountable governance. Contributing IBC to LF Decentralized Trust establishes community stewardship for an interoperability protocol already used in production. Open standards with neutral governance are how the industry raises its security baseline," said Jonathan Alexander, CTO, OpenZeppelin.

"For over five years, Datachain has worked to bring IBC to Ethereum and enterprise blockchains through open-source development. We welcome IBC's move to LF Decentralized Trust as an important step toward broader collaboration under neutral governance. We will work with the community on IBC's continued development, advancing secure interoperability for financial applications across blockchains," said Jun Kimura, CTO, Datachain.

"The Interchain Foundation advances the creation of an interoperable, sustainable, and community-owned ecosystem. The contribution of IBC to LF Decentralized Trust will help it become a global neutral standard with transparent governance for expanded participation in its development and stewardship," said Biba Homsy, President of the Board of Directors, Interchain Foundation.

"IBC brings five years of production use and an established developer community to LF Decentralized Trust," said Daniela Barbosa, General Manager, Decentralized Technologies, Linux Foundation, and Executive Director, LF Decentralized Trust. "Our governance model gives organizations across the industry an open, neutral environment to contribute technical expertise, establish shared priorities, and guide the protocol's long-term development. By contributing IBC to LF Decentralized Trust, Cosmos is reinforcing the role of open development and neutral governance in building interoperable infrastructure for the next generation of financial systems."

The contribution focuses on two complementary goals: fostering secure, shared standards for interoperability and strengthening collaboration among industry participants to accelerate financial modernization globally. Parties interested in learning more about interoperability to foster digital asset initiatives in their organization or who wish to contribute to the IBC Protocol can learn more at ibcprotocol.dev.

About Cosmos

Cosmos is a neutral, open-source digital ledger stack and DLT solutions provider, powering 150+ blockchains across finance, payments, government, and global business. Established in 2016, Cosmos has secured over $70B in assets and has 10 years of production resilience. Cosmos Labs provides development and strategic support to Cosmos as a wholly-owned subsidiary of the Interchain Foundation, the non-profit that supports Cosmos and its decentralized technologies. To learn more about Cosmos, follow Cosmos on LinkedIn, or visit cosmos.network.

Media contact: press@cosmos.network 

SOURCE Cosmos Labs