Blockchain for Banking News

Citi tokenized deposit (RLN) architect departs for stablecoin clearing venture Ubyx

Ubyx stablecoin clearing

Tony McLaughlin, a 20 year Citi veteran who created the vision behind the Regulated Liability Network, is leaving to create a stablecoin-related startup. He is presently on gardening leave. The Regulated Liability Network (RLN) has the concept of a shared network where tokenized deposits, CBDC and regulated stablecoins coexist. It’s fair to say that the RLN also inspired the BIS concept of a Unified Ledger.

Given his position in this space, the burning question is what does he plan to do next?

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