Source: CryptoBriefing
Original Title: London Stock Exchange unveils blockchain-powered platform for cash and digital assets
Original Link:
Overview
London Stock Exchange Group (LSEG) has launched a blockchain-based settlement platform that enables financial institutions to move real commercial bank money and settle assets instantly, 24/7, across both traditional and digital asset networks.
Key Features
The service, 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.
Benefits
According to LSEG, instant, synchronized settlement:
Shortens settlement timelines
Reduces counterparty risk
Unlocks assets that would otherwise be tied up
Increases collateral availability
Improves balance sheet efficiency
Market Impact
“LSEG DiSH expands the tokenised cash and cash-like solutions available to the market, and for the first time, offers a real cash solution tokenised on the blockchain utilizing cash in multiple currencies held at commercial banks,” said Daniel Maguire, Group Head of LSEG Markets and CEO of LCH Group.
The innovative service will enable users to reduce settlement risk and integrate existing cash, securities, and digital assets across new and existing market infrastructure.
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MEVSandwichVictim
· 10h ago
LSE's move here is to pursue an intermediate route of on-chain settlement. It sounds good, but whether it will truly go on-chain depends on how it is used later.
View OriginalReply0
GasOptimizer
· 10h ago
LSE has really figured this out, directly moving the settlement onto the blockchain. Banks need to speed up their pace.
View OriginalReply0
ReverseTradingGuru
· 11h ago
Traditional financial giants are also starting to play with blockchain, but this time they might really be changing the game.
London Stock Exchange Unveils Blockchain-Powered Platform for Cash and Digital Assets Settlement
Source: CryptoBriefing Original Title: London Stock Exchange unveils blockchain-powered platform for cash and digital assets Original Link:
Overview
London Stock Exchange Group (LSEG) has launched a blockchain-based settlement platform that enables financial institutions to move real commercial bank money and settle assets instantly, 24/7, across both traditional and digital asset networks.
Key Features
The service, 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.
Benefits
According to LSEG, instant, synchronized settlement:
Market Impact
“LSEG DiSH expands the tokenised cash and cash-like solutions available to the market, and for the first time, offers a real cash solution tokenised on the blockchain utilizing cash in multiple currencies held at commercial banks,” said Daniel Maguire, Group Head of LSEG Markets and CEO of LCH Group.
The innovative service will enable users to reduce settlement risk and integrate existing cash, securities, and digital assets across new and existing market infrastructure.