The Payments Association

JUNE 3, 2025

These projects leveraged distributed ledger technology (DLT) to settle trades more quickly and securely, using delivery-versus-payment (DvP) mechanisms that reduce counterparty risk. Beyond technical proof points, these initiatives underscore the need for global interoperability.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

Fintech Finance

JUNE 17, 2024

It will also explore additional features that could form part of an SO’s offering, such as those that could help reduce the liquidity needs of participants. To achieve its objectives, Meridian FX will build on the technology behind the SO, allowing it to connect two RTGS systems based in different jurisdictions.

Distributed Ledger Technology (DLT) 97

Distributed Ledger Technology (DLT) Real Time Gross Settlement (RTGS) Settlement Interoperability 97

Fintech News

MAY 11, 2025

DBS Bank is also a participating bank in PayNow, Singapores consumer real-time payments service. 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.

Cross-Border Payments 122

Cross-Border Payments Cross-Border APACS Distributed Ledger Technology (DLT) 122

Fintech News

DECEMBER 11, 2023

The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies. The indirect model featured an on-chain DLT-based solution developed by UDPN engineers.

CBDC 113

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

Fintech Finance

OCTOBER 30, 2024

This real-world proof-of-concept proves that Fnality can be used to make bilateral margin payments using the £FnPS, and marks the first instance of a fully regulated Distributed Ledger Technology (DLT)-based payment system being used to settle margin for the purposes of real-world inter-bank derivative exposures.

Distributed Ledger Technology (DLT) 96

Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 96

The Fintech Times

JUNE 6, 2024

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). The platform now invites further international participation and private sector proposals for value-added solutions.

Participant 45

Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC 45

Fintech News

FEBRUARY 14, 2024

The report emphasizes the need for integrated digital solutions and the importance of standards and interoperability. APIs, a key technology that’s being used in the industry, enable systems to communicate with each other without human intervention, and serve as a way to exchange data quickly and securely.

Finance 127

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 127