Transaction Lifecycle Management

Definition ∞ Transaction lifecycle management refers to the comprehensive oversight and administration of a transaction from its initiation to its final settlement and record-keeping. This process includes all stages, such as order placement, execution, clearing, and reconciliation. It aims to ensure efficiency, accuracy, and compliance throughout the entire operation.
Context ∞ In the digital asset space, efficient transaction lifecycle management is crucial for both centralized exchanges and decentralized finance protocols. News often highlights technological advancements in automating and streamlining these processes, particularly for cross-chain transactions or complex smart contract interactions. Robust management systems are vital for mitigating operational risks and enhancing market integrity.