Key Takeaways
- LSEG launched a blockchain-powered settlement platform named Digital Settlement House (DiSH).
- The service aims to minimize settlement risk, improve liquidity management, and enable round-the-clock asset and margin management.
London Stock Exchange Group (LSEG) has rolled out a blockchain-based settlement platform that lets financial institutions move real commercial bank money and settle assets instantly, 24/7, across both traditional and digital asset networks.
The service, the Digital Settlement House (LSEG DiSH), enables near-instant payment-versus-payment (PvP) and delivery-versus-payment (DvP) settlement using commercial bank deposits.
These deposits are recorded on the DiSH ledger (DiSH Cash), giving participants immediate ownership and transferability.
The platform acts as a bridge between on-chain and off-chain systems, allowing assets and payments to be orchestrated across multiple independent networks, whether they are blockchain-based or conventional financial infrastructure.
Instant, synchronized settlement shortens settlement timelines, reduces counterparty risk, and unlocks assets that would otherwise be tied up, as noted by LSEG. This also increases collateral availability and improves balance sheet efficiency.
Source: https://cryptobriefing.com/lse-blockchain-platform-launch/
