LSEG Launches Digital Settlement House for Instant Blockchain Transactions

The London Stock Exchange Group (LSEG) has launched the Digital Settlement House (DiSH), a platform enabling instant settlements across payment networks using blockchain technology. This system allows real-time movement of cash and assets, utilizing commercial bank money for transactions.

Key Features of LSEG DiSH

Enables immediate settlement between connected networks, integrating both blockchain and traditional systems.
Uses DiSH Cash to digitally reflect ownership of commercial bank deposits, ensuring instant access to funds.
Facilitates foreign exchange, securities, and digital asset transactions without relying on proxies.
Supports payment versus payment and delivery versus payment methods.
Acts as a notary for settlements on other networks, linking existing infrastructure with digital systems.
Operates 24/7, allowing firms to manage liquidity actively through intraday borrowing and lending tools.

Proof of Concept

LSEG conducted a successful proof of concept with Digital Asset and major financial institutions using tokenized commercial bank deposits.
The system processed transactions in multiple currencies and asset types.

Daniel Maguire from LSEG highlighted that the platform reduces settlement risk by integrating cash, securities, and digital assets. The service is part of LSEG's Post Trade Solutions unit.

In other developments, Rumble launched a crypto wallet with Tether and MoonPay, and Standard Chartered introduced tokenized deposits in Hong Kong under Project Ensemble.