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

Major companies interested in financial services such as Citigroup, JPMorgan Chase, Mastercard, Swift, and Deloitte will work together to explore the potential of sharing ledger technology through simulated multi-asset trading 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, wholesale central bank funds, and securities such as US Treasuries and investment-grade debt to a common regulated venue. The New York Fed's Innovation Center will serve as a technical observer.