JPMorgan, Citi and Franklin Templeton are digitizing traditional assets. Will they end up trading on crypto networks like Ethereum?
.’ Basically, these things are a more controlled space on a public blockchain,” Lobban said. “You still get the benefits of having a highly redundant, ever-persistent settlement rail in the public blockchain, but you have the ability to operate in a more controlled environment with AML KYC [anti-money laundering, know-your-customer] requirements, for instance.
Kaul also referred to the evolution of the public Ethereum chain and its shift to proof-of-stake, which, she said, provided free benefits to anyone running a node on the network. “I sometimes joke that I probably know more about what not to do, than what to do – because of my experience at tech companies big and small, and building consortia and watching applications evolve. One of the big lessons I learned is you can’t have a large entity owning the network,” Rugg said.Regulated Liability Network
“We recognize that clients want multi-bank, multi-jurisdiction, cross-border liquidity,” Rugg said. “They don’t want a siloed system; they want to be able to move liquidity freely across a multitude of banks and to streamline that operational process and optimize their liquidity across their markets.”
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