This is a test run in Regulated Settlement Network (RSN), a distributed ledger technology.
The current proof-of-concept (PoC) RSN tests are centered in modeling dollar settlements.
In order to test distributed ledger technology for financial settlements utilizing tokenization, Mastercard has partnered with major US banks including Citigroup, Visa, and JPMorgan.
This collaboration between the payment processor and the banking titans is a test run in Regulated Settlement Network (RSN), a distributed ledger technology. Through RSN, it is possible to settle tokenized assets collectively, including Treasurys, investment-grade financial instruments, and money from commercial banks.
Trial Phase Already Underway
Moreover, assets like money from commercial banks and securities like investment-grade debt operate on separate systems at the moment. Also, by pooling resources and issuing tokens for different assets, RSN will allow settlement processes to take place on a single platform
We współpracy z: https://thenewscrypto.com/mastercard-teams-up-with-major-banks-for-tokenized-settlement-pilot/
