Image of multiple tokens

Bank-Backed Hyperledger Is Slowly Opening to ICOs

While enterprises have generally been more conservative when it comes to cryptocurrency, one of the market’s key players, the Hyperledger consortium, appears to be opening its code to edgier pursuits.

Revealed exclusively to CoinDesk this week, the Sovrin Foundation, creator of the Hyperledger Indy codebase for digital identity management (and a Hyperledger group member since 2016), intends to become one of the first to raise money by launching a crypto token using the consortium’s code this summer, effectively following through on a promise first detailed in a white paper last year.

That news may come as a surprise for those who have been following the Hyperledger consortium since it was launched under the Linux Foundation in 2015, at the time seeking to provide a repository for the many private blockchain codebases in-development at firms including IBM, State Street and more.