• Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
What's Hot

Supermouth Ultim8 electric toothbrush review: Gentle giant

August 20, 2025

Samsung Galaxy Watch 8 Review: A solid albeit unexciting smartwatch

August 19, 2025

Huawei MatePad 11.5 review: iPad rival that’s missing a trick

August 17, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
Behind The ScreenBehind The Screen
Home»Fintech»US banks launch digital asset settlement platform PoC
Fintech

US banks launch digital asset settlement platform PoC

November 16, 2022No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
US banks launch digital asset settlement platform PoC
Share
Facebook Twitter LinkedIn Pinterest Email

A few of the greatest names within the US banking business are coming collectively on a proof of idea for a regulated digital asset settlement platform.

Citi, Mastercard, Wells Fargo and the New York Fed’s innovation centre are amongst these concerned within the 12-week mission to discover the feasibility of an interoperable digital cash platform often called the regulated legal responsibility community (RLN).

The PoC will take a look at a model of the RLN design that operates solely in US {dollars} the place industrial banks challenge simulated digital cash or “tokens” – representing the deposits of their very own prospects – and settle via simulated central financial institution reserves on a shared multi-entity distributed ledger.

The mission will even take a look at the feasibility of a programmable digital cash design that’s probably extensible to different digital property, in addition to the viability of the proposed system inside current legal guidelines and laws.

BNY Mellon, HSBC, PNC, TD Financial institution, Truist and US Financial institution are all taking part within the experiment, with the know-how supplied by SETL and Digital Asset, powered by Amazon Internet Companies.

Source link

See also  EXL, Oliver Wyman and Corridor Platforms launch real-time risk decisioning tech for FIs
Asset banks digital launch platform PoC settlement
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Apple to Launch Apple Intelligence in China amid US Concerns

June 18, 2025

Five New Games Launch on Apple Arcade, Four More on the Way on July 3

June 6, 2025

Apple Planning to Launch Dedicated Gaming App This Year

May 28, 2025

Siri Eavesdropping? You Can Now Claim Your Piece of Apple’s $95M Privacy Settlement

May 6, 2025
Add A Comment

Comments are closed.

Editors Picks

Sega’s Genesis Mini 2 will ship with a well-rounded bundle of 60 games

August 19, 2022

How to Disable Rapid Response Updates on iPhone and iPad

October 3, 2023

HBO Max abruptly pulls 200 Sesame Street episodes

August 20, 2022

Mathieu Flamini Has a Plan to Decarbonize the Chemical Industry

October 31, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Supermouth Ultim8 electric toothbrush review: Gentle giant

Samsung Galaxy Watch 8 Review: A solid albeit unexciting smartwatch

Huawei MatePad 11.5 review: iPad rival that’s missing a trick

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.fr - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.