Today SETL announced it has launched a standing blockchain test network for the Regulated Liability Network (RLN) using its LedgerSwarm software.
The RLN aims to bring together regulated money – tokenized deposits, central bank digital currencies (CBDCs) and regulated stablecoins – onto the same institutional network as tokenized assets. So far there have been formal RLN trials in the U.S. and the UK. The Bank for International Settlements (BIS) acknowledged that the RLN inspired its similar-sounding Unified Ledger concept.
Meanwhile, SETL’s Tranquility test network – named after the site of the first moon landing – aims to be available on an ongoing basis. It’s open to permissioned participants who apply to SETL for access.
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