Real-Time Gross Settlement

Definition ∞ 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.

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→Commercial Bank Money

→Distributed Ledger Technology

→Financial Market Infrastructure

Hong Kong Banks Complete Real-Money Tokenized Deposit Settlement Pilot

Tokenized deposits shift interbank settlement from batch processing to atomic, reducing counterparty risk and unlocking 24/7 liquidity across the financial system.

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→Wholesale CBDC

→Regulatory Compliance

→Digital Asset Economy

Eurosystem Expands DLT Initiative for Central Bank Money Wholesale Settlement

Systemic DLT adoption by the Eurosystem provides financial institutions with a compliant framework for instantaneous, risk-free wholesale settlement.

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→Cross-Border Payments

→Digital Payments Infrastructure

→Electronic Money Institution

Major European Banks Form Consortium to Launch Regulated Euro Stablecoin

The consortium's euro-backed digital asset establishes a compliant, on-chain payment rail, optimizing cross-border liquidity and mitigating correspondent banking friction.

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→Payment Rails

→Financial Market Infrastructure

→Wholesale Payments

HSBC and Standard Chartered Execute Live Tokenized Deposit Settlement

This pilot validates a new interbank settlement rail, leveraging DLT to reduce counterparty risk and achieve T+0 finality for corporate treasury operations.

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→Corporate Treasury

→Cross-Border Payments

→Programmable Money

DBS and JPMorgan Connect Tokenized Deposit Platforms for Interbank Settlement

The new interoperability framework unifies proprietary deposit tokens, transforming cross-border corporate treasury settlement into a 24/7, real-time atomic transaction layer.

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→Liquidity Management Efficiency

→Wholesale Financial Infrastructure

→Institutional DLT Adoption

Bank of England Synchronizes DLT Securities Settlement with Central Bank Money

The BoE's Meridian project validates a synchronization layer for atomic T+0 settlement of tokenized assets using RTGS funds, enhancing market liquidity and systemic resilience.