Regulated Liability Network US (NY Fed PoC) consortium
Overview
The Regulated Liability Network US (NY Fed PoC) was a proof-of-concept consortium led by the New York Innovation Center at the Federal Reserve Bank of New York. The 12-week PoC, which concluded in 2023, explored a shared multi-asset ledger for regulated liabilities, including commercial bank deposits, central bank reserves, and digital assets. The initiative tested the feasibility of a financial market infrastructure for real-time, programmable dollar transactions.
Within the DeFi Intel graph, Regulated Liability Network US (NY Fed PoC) connects to 7 tracked entities, most strongly to HSBC, BNY Mellon, Citigroup.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 7 of 7 total).
| Relation | Connected entity | Confidence |
|---|---|---|
integrates | HSBC | 95% |
integrates | BNY Mellon | 95% |
integrates | Citigroup | 95% |
integrates | Wells Fargo | 95% |
integrates | Digital Asset Holdings | 90% |
integrates | SWIFT | 90% |
integrates | SETL | 90% |
Frequently asked questions
What is the Regulated Liability Network US (NY Fed PoC)?
It is a proof-of-concept consortium led by the New York Innovation Center at the Federal Reserve Bank of New York that explores a shared multi-asset ledger for regulated liabilities, including commercial bank deposits, central bank reserves, and digital assets.
Which institutions are integrated with the Regulated Liability Network US (NY Fed PoC)?
The consortium integrates Citigroup, BNY Mellon, HSBC, Wells Fargo, SWIFT, SETL, Digital Asset Holdings, and Fidelity Investments.
What is the purpose of the Regulated Liability Network US (NY Fed PoC)?
It tests the feasibility of a financial market infrastructure for real-time, programmable dollar transactions.