by Jake ClaverRegulated Liability Network, ISO 20022, and Quant: rebuilding the cross-border payment rail
Regulated Liability Network, ISO 20022, and Quant sit at the center of how cross-border payments settle. Every part of it traces back to a named, primary source.
The Rail Behind The Headline
This material connects the ecosystem to payment rails and cross-border transaction flows. Supporting material comes from the UK Finance RLN technical report PDF and the Quant/R3 RLN report support release. RLN whitepaper PDF, a research document from the organizations involved, states it directly:
> Liability Network: Digital Sovereign Currency 5 Potential RLN Benefits • The RLN scheme may offer potential for a new global settlement infrastructure based on regulated issuers and instruments. • Such a network might ensure that tokenized, programmable money is interoperable across different regulated issuers. • The wider scope of RLN that includes all aspects of sovereign currency might enable it to address a broader range of usecases than narrower proposals, while maintaining the two-tier structure of public and regulated private balance sheets.
What This Means For Market Infrastructure
What it changes for the broader institutional payments and tokenization stack: payments infrastructure is a repeat-use case that can create ongoing demand for reliable networks and settlement assets.
From The Source
