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Cosmos, Google Cloud and 15 Firms Join DeFi Interoperability Effort

The collaboration, announced Nov. 12, centers on using the Inter-Blockchain Communication protocol to support decentralized finance.

A metal bridge connects two translucent architectural structures. / TokenPost.ai
A metal bridge connects two translucent architectural structures. / TokenPost.ai

Cosmos is collaborating with Google Cloud and 15 other firms on financial interoperability, with the initiative centered on using the Inter-Blockchain Communication (IBC) protocol to support decentralized finance.

Wells Fargo and OpenZeppelin are among the named participants. Cosmos announced the collaboration on Nov. 12.

The effort applies Cosmos’ broader work on blockchain interoperability to financial systems.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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