London Stock Exchange Group has rolled out Digital Settlement House, or DiSH, a new digital settlement service designed to connect commercial bank money with blockchain-based infrastructure. The platform enables round-the-clock settlement across multiple currencies and jurisdictions, integrating distributed ledger technology with existing payment rails.
At the center of DiSH is DiSH Cash, a ledger-based representation of commercial bank deposits. Instead of relying on stablecoins, the system uses tokenized claims on actual bank deposits, allowing payment-versus-payment and delivery-versus-payment settlement across foreign exchange, securities, and digital asset transactions. LSEG says this structure provides a direct cash settlement leg backed by regulated banking institutions.
The initiative targets inefficiencies in post-trade settlement, where fragmented systems can delay transactions and lock up liquidity. By shortening settlement cycles and synchronizing cash and asset movement, DiSH reflects a broader push by market infrastructure providers to adopt tokenization as part of mainstream financial plumbing.
