NY Fed, Banks to Wrap Proof-of-Concept Regulated Obligation Network Using wCBDC

The New York Federal Reserve Bank’s (NYIC) Innovation Center has completed a Proof of Concept for a Regulated Liability Network (RLN) in conjunction with nine major financial institutions and the Swift network. The project created a theoretical infrastructure for the exchange and settlement of commercial bank deposit tokens and central bank liabilities using distributed ledger […]