UK Finance Concludes Regulated Liability Network Experiment, Paving Way for Financial Innovation

UK Finance successfully completes the Regulated Liability Network’s experimentation phase, demonstrating its potential to modernize the financial system and unlock new functionalities.

Bollywoodfever: UK Finance, alongside Quant, R3, DXC Technology, and Coadjute, has successfully completed the experimentation phase of the Regulated Liability Network (RLN), which aims to revolutionize the UK’s financial infrastructure. 

The RLN integrates central bank money, commercial bank money, and electronic money into a shared ledger, with the goal of modernizing systems and enabling tokenized assets.

Major financial institutions like Barclays, HSBC, Citi, Mastercard, Visa, and others participated in the experiment, which tested various use cases through a unified API. 

UK Finance
UK Finance

These trials demonstrated that the RLN could provide significant economic value and unlock new functionalities such as programmable payments and fund management tailored to different use cases.

The report also highlighted that UK regulation is versatile enough to support the RLN’s operations, simplifying financial interactions by enabling firms to connect through a common network interface. 

UK Finance’s Managing Director of Payments, Innovation, and Operational Resilience, Jana Mackintosh, emphasized the importance of collaboration between the private sector and regulators to ensure the success of future financial technologies.


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Pooja Chauhan
Pooja Chauhan

Pooja Chauhan: Your Source for Entertainment and Box Office News

Pooja Chauhan is a passionate writer and dedicated journalist specializing in delivering the latest updates and insights from the world of entertainment and box office. With a keen eye for detail and a deep love for cinema, Pooja brings her readers accurate and engaging coverage of all things related to movies, celebrities, and the dynamic world of showbiz. Her commitment to keeping her audience well-informed and entertained makes her a valuable voice in the realm of entertainment journalism. When she's not busy uncovering the latest scoops, Pooja enjoys exploring classic films and indulging in creative writing."
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