Citi, JPMorgan Chase and other US financial giants explore shared ledger technology for multi-asset transactions
Tianjin companies in the financial services field such as Citi, JPMorgan Chase, Mastercard, Swift and Deloitte will work together to explore the possibility of sharing ledger technology by simulating multi-asset transactions in US dollars.
According to a statement, the research project, called "Regulated Settlement Network (RSN) Proof of Concept (PoC)", will explore the potential of bringing commercial bank funds, central bank wholesale funds, and securities such as US Treasury bonds and investment-grade bonds to a common regulated platform. The Innovation Center of the Federal Reserve Bank of New York will serve as a technical observer.