Wholesale payments DLT refers to distributed ledger technology applications specifically developed for large-value payment transfers between financial institutions. These systems aim to streamline interbank settlements, reduce processing times, and lower operational costs. They provide a shared, immutable record of transactions among major participants. This technology offers a modern alternative to existing clearing and settlement infrastructures.
Context
Central banks and commercial banks are actively experimenting with wholesale payments DLT to enhance the efficiency and resilience of national and international payment systems. Projects often focus on improving cross-border transactions and reducing settlement risk. This development represents a significant step toward modernizing core financial market functions.
The GS DAP spin-out standardizes RWA tokenization on a shared ledger, transforming capital markets from proprietary systems to composable, industry-owned infrastructure.
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