by Jake ClaverRegulated Liability Network, Citi, and New York Fed NYIC: tokenization moving into regulated markets
Regulated Liability Network, Citi, and New York Fed NYIC show tokenization taking concrete institutional form. It is concrete and sourced rather than a broad assertion.
The Asset Is Moving Onchain
This material points to real-world assets being packaged for digital settlement or collateral use. Supporting material comes from the Citi Digital Dispatch RLN page and the New York Fed NYIC RLN page. Citi RLN whitepaper PDF, a research document from the organizations involved, states it directly:
> 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.
The Takeaway For Market Infrastructure
This strengthens the broader institutional payments and tokenization stack because tokenized assets can give an ecosystem a clearer role in capital markets, from issuance through settlement. The broader research trail also includes the NY Fed PoC launch release, the NY Fed PoC findings release, and the BIS Project Agora page.
One caveat for honest use: Do not attach XRP/XLM/XDC/HBAR unless a source directly names them.
What The Source Shows
