Remove Distributed Ledger Technology (DLT) Remove Interoperability Remove Settlement
article thumbnail

Project Meridian FX: Joint Project by the Eurosystem and London Centres, and the Bank of England, to Test Synchronised Settlement in FX

Fintech Finance

The project will provide insights on how operators of real-time gross settlement (RTGS) systems could enable interoperability with new payments technologies, such as distributed ledger technology (DLT). The experiments will take place towards the end of 2024.

article thumbnail

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.

CBDC 88
article thumbnail

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.

article thumbnail

SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

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 PoC explored two models. Globally, over 130 countries are exploring, developing, or have launched CBDCs.

CBDC 113
article thumbnail

Banco Santander, Lloyds Banking Group, and UBS Successfully Settle Pilot Uncleared Margin Transfers in the Sterling Fnality Payment System

Fintech Finance

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.

article thumbnail

Eurosystem Completes First of Many Experiments To Test DLT Central Bank Money Settlements

The Fintech Times

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

article thumbnail

SWIFT Ties gpi To eCommerce And DLT

PYMNTS

The gateway will enable the continuous monitoring and control of payment flows and the subsequent movement of goods by those trade platforms, while, to ensure global integration and interoperability, it will support application programming interfaces (APIs), as well as SWIFT and ISO standards.”.

SWIFT 60