UK Finance - Regulated Liability Network

Industry Initiatives

Initiative Name	Regulated Liability Network UK
Organization	UK Finance
Type	Lab
Description	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)
Ecosystem	Agnostic
Public Participants	UK Finance EY R3 Adhara Millicent Quant Polygon Canton (Digital Asset) Setl Knox
Link	https://www.ukfinance.org.uk/policy-and-guidance/reports-and-publications/regulated-liability-network-uk-discovery-phase and https://www.ukfinance.org.uk/system/files/2023-09/Regulated%20Liability%20Network%20-%20UK%20Discovery%20Phase%20report%20.pdf