Consensys launches cross-ledger settlement stack for banks

The pitch here is interoperability as infrastructure rather than a new network: banks keep assets where they are and let Consensys handle routing between ledgers. That matters because fragmentation across separate institutional chains has been a practical barrier to settlement at scale, and a vendor-led layer could lower the cost of connecting them without a single dominant ledger winning. The undisclosed user base is the real gap — without named banks or networks, the stack's traction is unproven. Whether any institution publicly commits to it is the open question.