London Stock Exchange Group launched a new platform on Thursday designed to settle transactions using tokenized commercial bank deposits around the clock.
The service, called LSEG Digital Settlement House, or DiSH, facilitates instantaneous payments-versus-payment and delivery-versus-payment settlement across multiple currencies, the firm said in a statement.
The platform operates through accounts at commercial banks, providing members with immediate ownership of deposits and a mechanism for around-the-clock liquidity management. LSEG DiSH also facilitates intraday borrowing and lending, reduces settlement timelines, and increases collateral availability, according to the release.
The exchange said LSEG DiSH will function under the group’s Post Trade Solutions division, with the platform being able to settle on its own ledger or act as a notary for settlements on other connected networks.
“LSEG DiSH expands the tokenized cash and cash like solutions available to the market, and for the first time, offers a real cash solution tokenized on the blockchain utilising cash in multiple currencies held at commercial banks,” Daniel Maguire, Group Head, LSEG Markets and CEO, LCH Group, said in the statement.
From test to production
The launch follows a completed proof of concept conducted with software firm Digital Asset and a consortium of financial institutions, according to the statement. The PoC executed transactions on the Canton Network, where commercial bank deposits were tokenized and used as a settlement asset across multiple currencies and asset types.
During the PoC, ownership of commercial bank deposits was recorded on the LSEG DiSH ledger, allowing participants to transfer deposits instantaneously, and providing a true cash leg for settlement, LSEG said.
Per the statement, the live platform allows users to unlock assets that are typically immobilized during settlement cycles, enabling continuous use of cash, securities, and digital assets.
LSEG said settlement risk is reduced through shorter settlement timelines, synchronized settlement across assets, and increased collateral availability.
The development follows LSEG’s launch of a blockchain-based platform for private funds in September 2025. That platform, developed in partnership with Microsoft, also utilizes distributed ledger technology for post-trade services.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
