London Stock Exchange Group launches 24/7 blockchain-based settlement platform for tokenized bank deposits
LSEG launched DiSH, a 24/7 platform settling transactions using tokenized commercial bank deposits via blockchain.Summary
London Stock Exchange Group (LSEG) has launched LSEG Digital Settlement House (DiSH), a new platform enabling 24/7 settlement for transactions involving tokenized commercial bank deposits. This service facilitates instantaneous payments-versus-payment and delivery-versus-payment settlement across multiple currencies, offering members immediate ownership of deposits and improved liquidity management around the clock. Operating under LSEG’s Post Trade Solutions division, DiSH can settle on its own ledger or act as a notary for other networks. The launch follows a successful proof of concept on the Canton Network, which demonstrated tokenizing commercial bank deposits for settlement. According to Daniel Maguire, this platform provides a true cash solution tokenized on the blockchain using multi-currency bank cash, reducing settlement risk and unlocking assets typically immobilized during traditional settlement cycles.
(Source：The Block)