London Stock Exchange Group launches digital clearing hub, completes proof of concept on Canton

According to Foresight News, London Stock Exchange Group Limited has launched the Digital Settlement Hub (LSEG DiSH), an open access platform that supports programmatic instant settlement between on-chain and off-chain independent payment networks. The service enables 24/7 instant movement of commercial bank funds across multiple currencies and jurisdictions, including PVP and DVP, via commercial bank deposits stored on the DiSH Ledger (DiSH Cash).

The launch follows the successful completion of a proof-of-concept (PoC) in partnership with Digital Asset and a consortium of financial institutions, which saw transactions completed on the Canton network, the London Stock Exchange said. These transactions span multiple assets and currencies, leveraging commercial deposits at major commercial banks, with ownership recorded on the LSEG DiSH ledger, enabling PoC participants to transfer commercial deposits instantly. These deposits are tokenized on the Canton network and used as the cash portion of the transaction.

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