Raiden Network Expands — Market Mad House

The Raiden Network is looking more like a real financial services organization and less like a blockchain experiment.

For instance, Raiden Network builder brainbot labs has established the Raiden Trust to manage the Raiden Network Token (RDN) Ethereum Request for Comment (ERC20) cryptocurrency. In particular, the Raiden Trust will manage 16 million of the 100 million RDN in circulation, a Medium post indicates.

Interestingly, the Raiden Trust operates like a bank. For instance, the Trust will finance the growth of the Raiden Network…