Citigroup, JPMorgan Chase and other US financial giants explore shared ledger technology for multi-asset transactions

Golden Finance reported that large companies interested in financial services, such as Citi, JPMorgan Chase, Mastercard, Swift and Deloitte, will join forces to explore the shared ledger technology by simulating multi-asset transactions in US dollars. According to a statement, the research project, called the "Regulated Settlement Network (RSN) Proof of Concept (PoC)", will explore the potential of bringing commercial bank funds, wholesale central bank funds, and securities such as US Treasury bonds and investment-grade debt to a common regulated venue. The New York Innovation Center of the Federal Reserve Bank of New York will serve as a technical observer.