# Regulated Liability Network

<table data-header-hidden><thead><tr><th width="229"></th><th></th></tr></thead><tbody><tr><td><strong>Initiative Name</strong></td><td>Regulated Liability Network UK</td></tr><tr><td><strong>Organization</strong></td><td>UK Finance</td></tr><tr><td><strong>Type</strong></td><td>Lab</td></tr><tr><td><strong>Description</strong></td><td>The Regulated Liability Network (RLN) concept is “a regulated Financial Market Infrastructure (FMI) that would operate a shared ledger that records, transfers, and settles regulated liabilities of central banks, commercial banks, and regulated non-banks.” RLN is a design for regulated digital sovereign currency that is not limited to central bank liabilities. The project covers three use cases 1) Consumer domestic payment (Delivery versus Payment with locking functionality) - 2) Wholesale B2B cross-border payment (multi-currency) - 3)Securities Settlement (repurchase agreement)</td></tr><tr><td><strong>Ecosystem</strong></td><td>Agnostic</td></tr><tr><td><strong>Public Participants</strong></td><td><p>UK Finance</p><p>EY</p><p>R3</p><p>Adhara</p><p>Millicent</p><p>Quant</p><p>Polygon</p><p>Canton (Digital Asset)</p><p>Setl</p><p>Knox</p></td></tr><tr><td><strong>Link</strong></td><td><a href="https://www.ukfinance.org.uk/policy-and-guidance/reports-and-publications/regulated-liability-network-uk-discovery-phase">https://www.ukfinance.org.uk/policy-and-guidance/reports-and-publications/regulated-liability-network-uk-discovery-phase</a> and <a href="https://www.ukfinance.org.uk/system/files/2023-09/Regulated%20Liability%20Network%20-%20UK%20Discovery%20Phase%20report%20.pdf">https://www.ukfinance.org.uk/system/files/2023-09/Regulated%20Liability%20Network%20-%20UK%20Discovery%20Phase%20report%20.pdf</a></td></tr></tbody></table>