LSEG Deploys Digital Settlement Service DiSH

LSEG has launched its Digital Settlement House (DiSH) service, designed to facilitate “programmatic and instantaneous settlement between independent payment networks, both on- and off-chain.” According to LSEG, DiSH expands tokenized cash solutions and offers a real cash solution tokenized on the blockchain, utilizing cash held in multiple currencies at commercial banks. The service aims to reduce settlement risk and integrate existing cash, securities, and digital assets.

DiSH will enable 24/7 instantaneous movement of commercial bank money in multiple currencies and jurisdictions, supporting both payment versus payment (PVP) and delivery versus payment (DVP) transactions. This provides a real cash leg for foreign exchange and digital asset settlements. The launch follows LSEG’s recent rollout of a Trade Surveillance tool to combat market abuse and financial crime.

This development aligns with broader trends in tokenization, as highlighted by PYMNTS CEO Karen Webster, who notes that tokenized deposits are more scalable than stablecoins due to banks’ existing infrastructure and revenue models. Banks can leverage their existing capabilities for liquidity, settlement, and compliance in a “programmable environment,” while stablecoin issuers face challenges with yield compression and rising compliance costs.

(Source：Pymnts)