Other backers included Credit Agricole and Deloitte. Terms of the deal were not announced. One of SETL’s high-profile projects involves the Regulated Liability Network (RLN) infrastructure, an enterprise blockchain network that will span central banks, commercial banks and other institutions.
Distinguishing features of SETL’s blockchain protocol are its native support of tokens and its scalability to a million transactions per second. In 2021 it launched a blockchain interoperability solution PORTL, and in February 2022, Digital Asset, the developer of the DAML smart contract language, partnered with SETL to co-develop the RLN protocol.
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