LSEG Starts New Digital Settlement Platform in Blockchain Push
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)