The use of DLT in intraday liquidity management is accelerating, with Finteum’s platform surpassing USD 1 billion in weekly intraday FX swap trades.
Goldman Sachs has joined NatWest Group and UBS in deploying the system, executing the largest intraday FX swap to date and highlighting the industry’s shift toward real-time settlement.
Global banks are embracing new tools to manage liquidity as settlement cycles shorten and regulatory expectations rise. Following the ECB’s sound practices for intraday liquidity management published in late 2024, institutions have prioritized intraday funding strategies. Finteum anticipates at least 10 banks will be live on its platform by the end of 2026, reflecting the broader move toward 24/7 markets and real-time payments.
Finteum’s peer-to-peer platform leverages DLT to enable banks to borrow and lend cash intraday via FX swaps, executed on TP ICAP’s UK MTF. The system currently supports USD, EUR, GBP, and CHF, with plans to integrate digital money solutions and deliver payment-versus-payment (PvP) settlement.
Carey Halio, global treasurer of Goldman Sachs, said: “Intraday FX swaps are a powerful new tool to help Goldman Sachs efficiently manage our liquidity needs.” Donal Quaid, Group Treasurer of NatWest Group, added: “Technologies like DLT are transforming how quickly and confidently institutions can see, deploy and control liquidity throughout the day.”
With the Bank for International Settlements’ triennial survey highlighting USD 10 trillion traded daily across FX and repo markets, the rise of intraday FX swaps signals a structural shift. DLT is no longer experimental—it is becoming a cornerstone of how banks manage liquidity in real time.
