R3 to Provide Technical Support for UK Regulatory Accountability Network and Promote Asset Tokenization

R3 and Quant, two digital asset companies, have been selected to provide services to the UK Regulatory Responsibility Network (RLN). R3 is a provider of enterprise-focused permissioned blockchain, while Quant is a provider of tokenization services that support traditional financial institutions. It is reported that RLN is led by UK Finance and supported by EY and Linklaters. Its goal is to create a universal platform that provides a shared ledger for tokenized forms of deposits, transfers, and payments.