Temenos x SETL release tokenized deposits and smart contracts for Temenos users. London, Oct. 28, 2024 – SETL Limited, a leading provider of RLN Solutions, today announced the launch of…
Temenos continues ‘future of money’ innovation series, demonstrating banking capabilities for tokenized deposits, with on-ledger transactions settled in wholesale CBDC. For this proof-of-concept, Temenos integrated with SETL’s Tranquility testnet, a regulated liability network (RLN).
SETL, part of the Colendi Group, today announced the launch of a standing test network for
the RLN based upon its LedgerSwarm software. The network, called Tranquility after the site
of the first moon landing, will be available to for participants to test RLN applications on an
on-going basis.
Blockchain technology leader SETL, a notable member of the Colendi Group, proudly announces its selection for participation in the landmark Digital Real Pilot project, spearheaded by the Central Bank of Brazil. Alongside NUCLEA, Brazil’s key interbank clearing house, and banking leader Banco Bradesco S.A., SETL is poised to revolutionize the future of finance in this consortium-led endeavour.
London based DLT firm SETL and New York based Digital Assets are providing the technology for a 12-week proof of concept project (PoC) by members of the U.S. banking community that will explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN).