LF Decentralized Trust powers DLT at systemically important institutions
A new report commissioned by the Linux Foundation Decentralized Trust (LFDT) reveals that nearly 30% of institutional blockchain platforms utilize its open-source technologies. Hyperledger Fabric and Besu rank among the top three technologies used by major financial institutions, including central banks and global systemically important banks like Citi, HSBC, and BNP Paribas. These technologies underpin critical infrastructure projects such as Project Agorá and initiatives at major depositories like the DTCC, Clearstream, and Euroclear. The report suggests that the actual market share is likely higher, as many proprietary systems are built upon adapted open-source foundations. Institutions favor LFDT solutions to avoid vendor lock-in, leverage deep developer pools, and ensure neutral governance for critical financial systems. While permissioned networks remain dominant, the inclusion of Ethereum mainnet in the top ten rankings highlights a shifting landscape where public and private blockchain infrastructures are increasingly converging. This widespread adoption of standardized open-source frameworks is essential for building interoperable financial systems and establishing common industry standards.