The OpenWallet Foundation, an open source initiative launched under the Linux Foundation umbrella in 2023, will become part of Linux Foundation Decentralized Trust (LFDT) on 1 January 2027. The merger places its wallet technology alongside the blockchain, cryptography and identity projects already housed at LFDT, creating an open source stack that spans multiple layers of decentralized infrastructure.
OpenWallet develops open source components for interoperable digital wallets, aiming to prevent vendor lock-in at what is becoming a critical infrastructure layer. Rather than building a wallet itself, the foundation provides the underlying software engine that organizations can use to develop their own wallet products. Its sponsors include Accenture, Huawei, Mastercard and Visa.
“Bringing OpenWallet projects and community into LF Decentralized Trust will connect that community with a much broader ecosystem working on identity, trust and decentralized technologies,” said Daniela Barbosa, Executive Director of LFDT. “Wallets are increasingly where credentials, payments, identity and digital assets converge, and bringing these communities closer together creates exciting opportunities to build interoperable open source infrastructure at global scale.”
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