The London Stock Exchange's new Digital Settlement House uses tokenized bank deposits for instant, round-the-clock settlement across blockchain and traditional payment networks.
The London Stock Exchange Group has rolled out a new digital settlement service to bring commercial bank money onto blockchain rails.
The service, called Digital Settlement House (DiSH), enables instant settlement across both blockchain-based and traditional payment networks, operating around the clock across multiple currencies and jurisdictions, according to a Thursday announcement.
At the core of the platform is DiSH Cash, a ledger-based representation of commercial bank deposits. Rather than relying on stablecoins, the system uses tokenized claims on actual bank deposits, providing what LSEG describes as a “real cash leg” for foreign exchange, securities and digital asset transactions.
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