U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions

The New York Innovation Center of the Federal Reserve Bank of New York will act as a technical observer.

The research project, titled Regulated Settlement Network proof-of-concept , will explore the potential of bringing commercial-bank money, wholesale central-bank money and securities such as U.S. Treasuries and investment-grade debt to a common regulated venue, according to a statement shared with CoinDesk.

"In today’s digital economy, financial market infrastructures may need to settle a host of digital assets within well-defined legal frameworks. Citi looks forward to exploring the opportunities of this project," Debopama Sen, global head of payments at Citi Services, said in the statement.that the Fed has zero interest in a system in which it would have a view into user data, CBDCs have

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