Definition ∞ DLT wholesale settlement refers to the final transfer of high-value assets or funds between financial institutions using distributed ledger technology. This process occurs on a permissioned blockchain, allowing participants to settle transactions securely and often in real-time. It aims to reduce counterparty risk and operational delays inherent in traditional wholesale settlement systems. The technology provides an immutable record of these large-scale movements.
Context ∞ DLT wholesale settlement is a significant area of research and pilot programs for central banks and large financial entities. News reports often cover central bank digital currency initiatives exploring DLT for interbank settlements. A critical development to observe is the regulatory acceptance and widespread implementation of DLT solutions for systemic financial operations.
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