Regulated Liability Network Identifies Proof-of-Concept Use Case for Digital Pound

The Regulated Liability Network (RLN) has successfully concluded its discovery phase in the United Kingdom and is ready to advance to a use case involving a retail central bank digital currency (CBDC), as outlined in its recent report. The RLN initiative aims to facilitate transactions among central banks, commercial banks, and regulated non-bank entities, all operating within designated “partitions” on a unified network.

The RLN is a regulated financial marketplace infrastructure in the U.K., with participation from financial institutions across the globe. This project is backed by the advocacy organization UK Finance.

In addition, a flow chart depicting consumer domestic settlement within the RLN has been released, showcasing the architectural framework of this innovative financial network.