Consensys Unveils Bridgeless Transaction Network for Institutions

TLDR Consensys launched Sovereign Network Interoperability on November 2, 2026, at Devcon in Mumbai. The software allows banks to settle transactions across separate blockchains without transferring assets between networks. The Cross Ledger Interoperability Protocol uses cryptographic proofs to verify transactions across different ledgers. The platform supports securities settlement, currency payments, collateral transfers, and tokenized fund services. Ethereum-compatible networks are supported, while Consensys plans to introduce Canton connectivity. Consensys has launched Sovereign Network Interoperability, software that allows banks to settle transactions across separate blockchains without transferring assets between networks. The company announced the product on November 2 at Devcon in Mumbai, targeting banks, custodians, fund managers, and other financial firms. The system connects institutions that keep their records on different digital ledgers.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.