Real-Time Gross Settlement (RTGS) is a system for processing financial transactions individually and continuously, without netting them with other transactions. Each transfer is settled immediately upon processing, providing finality and reducing settlement risk. This system is crucial for high-value payments and central bank operations, ensuring the instantaneous and irreversible transfer of funds. RTGS systems are vital for maintaining financial system stability.
Context
Real-Time Gross Settlement systems are increasingly relevant in discussions surrounding the modernization of payment infrastructure, including the integration of blockchain technology. Central banks are exploring how RTGS principles can be applied to central bank digital currencies (CBDCs) to enable instant and secure digital payments. The ongoing focus involves enhancing the speed and efficiency of interbank settlements and potentially extending these capabilities to broader financial markets.
The HKMA pilot integrates tokenized commercial bank deposits with the RTGS system, establishing a compliant, 24/7 liquidity and treasury management rail.
Integrating tokenized commercial bank deposits with the HKD RTGS system enables real-time interbank settlement, drastically enhancing capital efficiency and systemic liquidity for institutional treasury operations.
The firm's DLT-based Tokenized Collateral Network automates the bilateral and triparty repo process, freeing up billions in trapped liquidity for immediate capital redeployment.
Embedding DLT wallet support into the ISO 20022 standard creates a compliant, unified global settlement layer, accelerating cross-border liquidity and reducing counterparty risk.
This strategic acquisition embeds DLT-enabled, real-time cross-border liquidity and payment rails directly into over 1,000 global corporate treasury systems, optimizing working capital efficiency.
The integration of DLT-based token services with existing 24/7 clearing infrastructure enables real-time interbank liquidity transfer, optimizing corporate treasury operations and capital efficiency.
The interoperability framework links two major bank DLT networks, establishing a real-time, cross-border value highway that reduces operational friction and enhances capital efficiency for multinational clients.
This multi-jurisdictional DLT integration establishes a synchronized FX settlement layer, mitigating counterparty risk and achieving capital efficiency for global treasury operations.
Multi-jurisdictional central bank collaboration leverages DLT to achieve real-time, atomic FX settlement, structurally eliminating counterparty and Herstatt risk in global currency exchange.
The framework connects proprietary DLT platforms to enable real-time, cross-border settlement, significantly enhancing capital efficiency for institutional treasury operations.
The hybrid DLT model leverages Swift’s existing messaging standard with blockchain-native atomic settlement to eliminate counterparty risk in cross-currency flows.
Launching a consortium stablecoin on a regulated DLT platform will eliminate high-friction inter-company settlement and enhance capital efficiency across a $6.8 trillion asset base.
The new framework enables atomic, real-time cross-bank settlement of tokenized deposits, structurally eliminating counterparty risk and optimizing global working capital efficiency.
This framework links two major bank-issued deposit token ecosystems, establishing the critical cross-chain interoperability layer required for enterprise-grade, 24/7 institutional liquidity management and T+0 settlement.
MAS and Bundesbank are establishing a DLT interoperability standard to minimize Herstatt risk and achieve capital-efficient, instantaneous cross-border settlement.
The joint issuance of a regulated, yen-pegged digital instrument on DLT streamlines inter-company payments, optimizing corporate treasury liquidity and reducing cross-border friction.
Synchronized tokenized FX settlement, driven by central bank collaboration, directly mitigates Herstatt risk, unlocking continuous, capital-efficient global liquidity.
Implementing a shared DLT ledger enables atomic settlement, reducing counterparty risk and optimizing global treasury liquidity by shifting to near-instant finality.
Integrating Kinexys tokenized deposits directly into the Alibaba.com platform enables T+0 atomic settlement, drastically reducing counterparty risk and unlocking capital efficiency for global B2B supply chains.
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