Remove Distributed Ledger Technology (DLT) Remove Economy Remove Settlement
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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. The Digital Rupiah also holds promise for enhancing Indonesias economic sovereignty.

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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

Das added that improved liquidity due to streamlined settlement processes will reduce the need for intermediary currencies and lower the transaction costs. These projects leveraged distributed ledger technology (DLT) to settle trades more quickly and securely, using delivery-versus-payment (DvP) mechanisms that reduce counterparty risk.

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13 APAC-Born Companies Recognized Among Top Global Cross-Border Payment Leaders of 2025

Fintech News

The company was an early adopter of distributed ledger technology (DLT), teaming up in 2017 with Ripple Labs and pioneering blockchain-based remittances from Japan to Thailand and Vietnam. XTransfer has built a global multi-currency settlement network backed by intelligent, automated risk management infrastructure.

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The Blockchain Companies Poised To Transform Capital Markets Infrastructure

CB Insights

But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo. One such company is Paxos, which offers custody, payment, and clearing & settlement services. First name.

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SWIFT Ties gpi To eCommerce And DLT

PYMNTS

The proof of concept is designed to “bring the benefits of gpi payments’ speed, ubiquity and certainty to distributed ledger technology (DLT)-enabled trade.”

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80+ Companies Shaping The Blockchain Landscape

CB Insights

For example, Paxos (over $500M in total funding) offers a crypto asset custodial service, brokerage, exchange, and equities settlement for institutions. As of August 2021, 5 different companies in this category raised funding rounds of at least $300M this year: Paxos, BlockFi, Blockchain.com , Fireblocks , and Ledger.

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Central Bank Digital Currencies (CBDCs) in 2024

Clearly Payments

Wholesale CBDCs could enhance the efficiency of the financial system by reducing settlement times and lowering costs. The BoC has engaged in several initiatives, including Project Jasper, which examines how distributed ledger technology (DLT) could be integrated into the country’s payment systems.