Synchronized finance refers to financial systems where various operations, such as payments, settlements, and record-keeping, occur simultaneously or in near real-time across different participants or platforms. This coordination reduces delays, improves efficiency, and minimizes discrepancies. It represents an advancement over sequential, batch-processed financial workflows.
Context
The concept of synchronized finance is gaining prominence with the advent of distributed ledger technologies, which enable atomic transactions and immediate updates across networks. News often highlights central bank digital currencies and tokenized asset platforms as key drivers for achieving greater synchronization in global financial markets. The critical future development involves establishing interoperable standards to facilitate seamless, real-time financial interactions.
The bank is leveraging a privacy-enabled DLT network to link siloed systems, enabling real-time, compliant settlement of tokenized assets across jurisdictions.
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