London Stock Exchange Group launches Digital Settlement Hub, has completed proof of concept on Canton

Foresight News reports that London Stock Exchange Group (LSEG) has launched the Digital Settlement Hub (LSEG DiSH), an open-access platform supporting programmatic real-time settlement between on-chain and off-chain independent payment networks. By utilizing commercial bank deposits stored in the DiSH ledger (DiSH Cash), this service enables 24/7 instant movement of commercial bank funds across multiple currencies and jurisdictions (including PVP and DVP).

London Stock Exchange stated that this release follows a successful proof of concept (PoC) conducted in collaboration with Digital Asset and a consortium of financial institutions, where transactions were completed on the Canton network. These transactions involved multiple assets and currencies, leveraging commercial deposits from major commercial banks, with ownership recorded on the LSEG DiSH ledger, allowing PoC participants to transfer commercial deposits instantly. These deposits are tokenized on the Canton network and used as the cash component in transactions.