Definition ∞ High-value settlement describes the final and irrevocable transfer of significant sums of money or assets between financial institutions or large corporations. Blockchain technology offers potential advancements for these processes by enhancing speed and security. These settlements are critical for the stability of the global financial system. They demand robust infrastructure.
Context ∞ Central banks and wholesale financial markets are actively researching and piloting distributed ledger technology for high-value settlement systems. The aim is to reduce counterparty risk, shorten settlement times, and lower operational costs. The challenges include regulatory acceptance, interoperability with existing systems, and ensuring resilience at scale.
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