The London Stock Exchange Group (LSEG) has launched its Digital Settlement House (DiSH), a 24/7 platform for instantaneous movement of commercial bank money across multiple currencies and jurisdictions. The service provides a true cash leg for FX and digital asset transactions by tokenising commercial bank deposits held at participating banks.
Operated through LSEG’s Post Trade Solutions business, DiSH is an open‑access platform enabling programmatic, real‑time settlement between independent payment networks on‑ and off‑chain.
How it works
Users can conduct PvP and DvP settlement across cash, securities, and digital assets at any time, orchestrating payments across connected traditional and digital networks. DiSH Cash, the platform’s ledger‑enabled commercial bank money solution, gives members instant ownership of deposits at any bank within the network and supports continuous movement of funds. DiSH can settle on its own ledger or act as a notary for settlement on external networks.
The service also introduces tools for intraday borrowing and lending, improved collateral mobility, and reduced settlement timelines. Additional features include dynamic intraday liquidity and funding management, plus 24/7 settlement and margin processes.
The launch follows a successful proof of concept in which tokenised commercial bank deposits on the Canton Network were used as the cash leg of transactions, with ownership recorded on the DiSH ledger.
Daniel Maguire, head of LSEG Markets, said the service will help users reduce settlement risk and integrate cash, securities, and digital assets across both new and existing infrastructures.
