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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NOAA Works with Industry to Explore Mitigation of Data Corrupting Radio Frequency EmissionsNOAA Works with Industry to Explore Mitigation of Data Corrupting Radio Frequency Emissions
Source: NOAASatellites - 🏆 415. / 53 Read more »

Department of the Interior Strengthens Financial Assurance Requirements for Offshore Oil and Gas IndustryThe Department of the Interior announces a final rule to protect taxpayers from covering costs that should be borne by the oil and gas industry when offshore platforms require decommissioning.
Source: cleantechnica - 🏆 565. / 51 Read more »