LSEG Starts New Digital Settlement Platform in Blockchain Push

Bloomberg
LSEG launched Digital Settlement House, a new platform enabling instant money transfers between various payment systems, including blockchain.

Summary

The London Stock Exchange Group (LSEG) has introduced a new digital settlement service, Digital Settlement House, designed to facilitate instantaneous money transfers between different payment systems. This initiative represents a deepening of LSEG’s integration of blockchain technology, the foundation of cryptocurrencies, into its operations. The platform is capable of connecting both blockchain-based and traditional payment systems, allowing for seamless and rapid transactions regardless of the underlying technology. LSEG announced the launch in a statement on Thursday, highlighting its commitment to innovation in financial infrastructure.

(Source:Bloomberg)

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