> For the complete documentation index, see [llms.txt](https://qualitax.gitbook.io/interop/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://qualitax.gitbook.io/interop/industry-initiatives/regulated-liability-network/us-regulated-liability-network.md).

# US - Regulated Liability Network

Industry Initiatives

<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 US</td></tr><tr><td><strong>Organization</strong></td><td></td></tr><tr><td><strong>Type</strong></td><td>Lab</td></tr><tr><td><strong>Description</strong></td><td><p>The RLN concept explores the application of shared ledger technology to change this paradigm, potentially leading to a simpler way of synchronizing payments and settlements across the banking industry. RLN imagines a new financial market infrastructure that runs a shared ledger for participants. On this ledger, there are digital representations of central bank money and commercial bank deposit tokens. This creates an interoperable network for efficient settlement that might be extended to multiple currencies and assets.</p><p>The RLN U.S. WG engaged in a proof of concept to explore the business applicability, technical feasibility, and legal viability of the RLN concept in the U.S. context. The PoC was limited to domestic and international payments denominated in U.S. dollars. </p></td></tr><tr><td><strong>Ecosystem</strong></td><td>Agnostic</td></tr><tr><td><strong>Public Participants</strong></td><td><p>BNY Mellon </p><p>Citi </p><p>HSBC </p><p>Mastercard </p><p>New York Innovation Center (NYIC) within the Federal Reserve Bank of New York </p><p>PNC </p><p>Swift </p><p>Truist </p><p>TD Bank </p><p>U.S. Bank </p><p>Wells Fargo</p></td></tr><tr><td><strong>Link</strong></td><td><a href="https://www.rlnuspoc.org/home#subpage/introduction/section/w3rk7">https://www.rlnuspoc.org/home#subpage/introduction/section/w3rk7</a></td></tr></tbody></table>