Citibank, JPMorgan Chase and other ten institutions have completed tokenization settlement trials

According to Ledgerinsights, ten institutions have completed a simulation test of the Regulated Settlement Network (RSN), exploring the use of tokenized transactions settled on a shared DLT network. This is an extension of last year's regulated liability network trial, which included tokenized commercial bank money and central bank money on the same network. This time, tokenized government bonds and investment-grade bonds are also on the shared ledger, enabling delivery and payment for wholesale transactions. The experiment also explored interoperability with external DLT networks. SIFMA served as coordinator for participating institutions including Citibank, JPMorgan Chase, Mastercard, Swift, TD Bank North America Branches, Bank of America Merrill Lynch , USDF , Wells Fargo , Visa and Zions Bancorp., led by SIFMA.