Tokenized asset settlement involves finalizing the transfer of ownership of a tokenized asset on a blockchain, ensuring that both the asset and its corresponding payment are exchanged atomically. This process eliminates intermediaries and reduces settlement risk, as the transaction is immutable and transparently recorded. It streamlines traditional settlement procedures.
Context
Tokenized asset settlement is a significant area of focus for modernizing financial markets, offering faster, more efficient, and secure transaction finality. News frequently covers pilot programs and collaborations between financial institutions exploring its application for securities, real estate, and other asset classes. The ongoing situation involves developing robust legal frameworks and interoperable platforms to support widespread adoption.
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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