US financial giants such as Citigroup and JPMorgan Chase explore multi-asset transaction sharing ledger technology

Citi, JPMorgan Chase, Mastercard, Swift, and Deloitte, among other big companies interested in financial services, will join forces to explore shared ledger technology by simulating dollar-denominated multi-asset trading.
The research project, called "Proof of Concept (PoC) for Regulated Settlement Networks (RSN)," will explore the potential of bringing commercial bank money, wholesale central bank money, and securities such as U.S. Treasuries and investment-grade debt to a jointly regulated venue, according to a statement. The New York Federal Reserve Bank's New York Innovation Center will serve as a technical observer.