London Stock Exchange Group Launches Digital Settlement Hub DiSH

Techub News reported that the London Stock Exchange Group (LSEG) has launched the Digital Settlement Hub (LSEG DiSH), an open-access platform supporting programmatic instant settlement between on-chain and off-chain independent payment networks. This service is based on commercial bank deposits (DiSH Cash) on the DiSH ledger, enabling 24/7 instant movement of commercial bank funds across multiple currencies and jurisdictions, and supporting settlement scenarios such as PVP and DVP. LSEG stated that this launch builds upon a proof of concept completed in collaboration with Digital Asset and a consortium of financial institutions, with related transactions finalized on the Canton network, where commercial bank deposits were tokenized and used as the cash component of the transactions.