Corporate settlement refers to the finalization of financial transactions or disputes involving corporate entities. This process confirms the transfer of assets or resolution of obligations between businesses. It ensures that all parties fulfill their agreed-upon responsibilities, bringing transactions to a definitive close.
Context
Blockchain technology holds promise for streamlining corporate settlement processes, potentially reducing delays and costs associated with traditional methods. Discussions center on leveraging distributed ledger technology for more efficient intercompany payments and asset transfers. Future developments may include widespread adoption of tokenized assets for near-instantaneous corporate value exchange.
The tri-bank consortium is deploying a multi-chain digital currency rail to achieve T+0 corporate settlement and optimize cross-border liquidity management.
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