The Securities Industry and Financial Markets Association (SIFMA) published reports evaluating the legal viability, technical feasibility and business benefits of a Regulated Settlement Network (RSN).
The RSN project explored the potential for a new financial market infrastructure that would use a private, permissioned distributed ledger and tokenized deposits and securities to settle payments and securities transactions between financial institutions, for their own benefit and on behalf of customers. S&C represented SIFMA, as the program manager for the project, and produced the legal viability report.
The S&C team included Rebecca Simmons, Colin Lloyd, Malou Huth, Jordan Wish, Lilian Zhao and Brad Bourque. Shari Leventhal advised on AML, CFT and sanctions matters. Adam Toobin provided valuable vacation coverage.