Programmable Settlement Layer

Definition ∞ A programmable settlement layer is a blockchain-based infrastructure that enables the automated and conditional transfer of assets. This layer supports smart contracts, allowing for complex transaction logic to be executed without intermediaries. It provides a secure and transparent foundation for various financial applications. Such layers are essential for decentralized finance and the future of digital payments.
Context ∞ Programmable settlement layers are central to the development of decentralized finance and the broader tokenized economy. A key discussion involves the scalability and security of these layers, as well as their interoperability with other blockchain networks. Future advancements will likely lead to more sophisticated financial products and services built upon these foundational technologies.