Settlement modernization refers to efforts to upgrade and streamline the processes by which financial transactions are finalized and assets are transferred between parties. This involves reducing settlement times, enhancing security, and lowering operational costs through technological advancements. Blockchain technology offers significant potential for accelerating and securing these processes. It aims for greater efficiency.
Context
Settlement modernization is a central theme in the evolution of global financial infrastructure, with digital assets presenting transformative possibilities. Current discussions focus on the adoption of distributed ledger technology for real-time gross settlement and atomic swaps across various asset classes. Future developments are expected to significantly reduce counterparty risk and enhance liquidity in financial markets.
The bank is strategically integrating asset tokenization into core custody and settlement infrastructure to unlock T+0 liquidity and capture $2 trillion in new RWA value.
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