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We believe financial infrastructure should be inspectable, extensible, and owned by those who operate it. Open by design is an architectural principle. Midaz, our core ledger, is source-available under Elastic License 2.0 because financial systems require transparency, control, and long-term sustainability. Its Tracer component is source-available in the same Midaz repository and release, while remaining a separately deployed runtime. Lerian licenses its other products to customers.

Why Source-available at the core?


A source-available core creates structural advantages. By keeping Midaz source-available, we enable:
  • Transparency: Every line of the core ledger is visible and auditable.
  • Independence: Institutions control their stack and retain access to the source code of the ledger that holds their money.
  • Extensibility: Teams can adapt the ledger to their regulatory, operational, and product requirements.
  • Trust by design: Visibility reduces systemic risk. You understand how your core infrastructure behaves because you can inspect it.

What this means for your business


  • Source-code access: Midaz is source-available under Elastic License 2.0, so your team retains access to the ledger source code.
  • Third-party auditability: Your security team, auditors, or regulators can inspect the Midaz code directly.
  • Extensibility: Your engineers can inspect and extend Midaz to meet operational requirements.

Join the community


Building an open core only works when it is collaborative. Whether you are a developer, architect, or financial operator, you can:
  • Contribute code
  • Propose architectural improvements
  • Report issues
  • Build extensions and integrations
  • Share implementation patterns
We welcome practical contributions. Join our Discord community →