Gala Games, Mastercard, and Stellar Join LF Decentralized Trust
Slice of Finance Team
10/29/2024
Key Highlights:
- Gala Games, Mastercard, Qila, and Stellar join LF Decentralized Trust as general members.
- Hong Kong Monetary Authority (HKMA) joins as an associate member, adding valuable input on CBDCs.
- LF Decentralized Trust expands its global member base for decentralized tech development.
- Member Summit and Maintainer Days foster collaboration on emerging projects.
- Strong support from central banks and financial authorities drives CBDC tech standards.
Source: PR Newswire
Quotes
“ "The HKMA is proud to support the Linux Foundation Decentralized Trust as a founding member, fostering innovation through open-source technologies." ”
George Chou, Chief Fintech Officer at HKMA
Our Take:
LF Decentralized Trust’s expansion with high-profile organizations like Mastercard and Gala Games marks a pivotal growth phase in decentralized technology. The Hong Kong Monetary Authority’s associate membership and the collaborative environment fostered by the Member Summit and Maintainer Days position LF Decentralized Trust as a leading body in the decentralized finance ecosystem. These alliances underscore the Linux Foundation's commitment to setting global standards and promoting interoperability and security across digital financial services, especially in the rapidly evolving CBDC space. This momentum reflects the critical role of open-source collaboration in building resilient, inclusive financial infrastructures.
