US Banks and Mastercard Test Ledger Tech for Settling Tokenized Assets

Financial giants, including JPMorgan, Citibank, and others, announced a proof-of-concept (PoC) for a Regulated Settlement Network (RSN) exploring the potential of shared ledger technology to make sending money across borders smoother. Some of the tokenized assets circulating in the system will include commercial bank money, wholesale central bank money, and securities like U.S. treasuries...