LSEG launches blockchain settlement service using tokenised bank deposits

London Stock Exchange Group has introduced a new digital settlement platform designed to bring commercial bank money onto blockchain infrastructure.

The service, known as Digital Settlement House, enables instant, round-the-clock settlement across blockchain-based and traditional payment networks.

The platform operates across multiple currencies and jurisdictions, aiming to streamline global financial transactions.

At its core is DiSH Cash, a ledger-based representation of commercial bank deposits rather than stablecoins.

LSEG said the system uses tokenised claims on real bank deposits to provide a “real cash leg” for transactions.

“With LSEG DiSH, market participants will be able to conduct PvP or DvP settlements using any asset across connected networks,”

LSEG said.

The service is intended to reduce delays caused by slow and fragmented post-trade settlement processes.

LSEG said shorter settlement timelines and synchronised payments could lower settlement risk and free up collateral.

DiSH follows a successful proof-of-concept with Digital Asset and major financial institutions on the Canton Network.

The trials involved settling trades across assets and currencies using tokenised commercial bank deposits recorded on the DiSH ledger.

The launch comes as tokenised deposits and stablecoins increasingly play a role in global financial infrastructure.

A recent Moody’s report found stablecoins processed $9 trillion in settlement volume in 2025, driven largely by onchain activity.