London Stock Exchange Group launches 24/7 blockchain-based settlement platform for tokenized bank deposits

London Stock Exchange Group launched a new platform on Thursday designed to settle transactions using tokenized commercial bank deposits around the clock.

The service, called LSEG Digital Settlement House, or DiSH, facilitates instantaneous payments-versus-payment and delivery-versus-payment settlement across multiple currencies, the firm said in a statement.

The platform operates through accounts at commercial banks, providing members with immediate ownership of deposits and a mechanism for around-the-clock liquidity management. LSEG DiSH also facilitates intraday borrowing and lending, reduces settlement timelines, and increases collateral availability, according to the release.

The exchange said LSEG DiSH will function under the group’s Post Trade Solutions division, with the platform being able to settle on its own ledger or act as a notary for settlements on other connected networks.

“LSEG DiSH expands the tokenized cash and cash like solutions available to the market, and for the first time, offers a real cash solution tokenized on the blockchain utilising cash in multiple currencies held at commercial banks,” Daniel Maguire, Group Head, LSEG Markets and CEO, LCH Group, said in the statement.

From test to production

The launch follows a completed proof of concept conducted with software firm Digital Asset and a consortium of financial institutions, according to the statement. The PoC executed transactions on the Canton Network, where commercial bank deposits were tokenized and used as a settlement asset across multiple currencies and asset types.

During the PoC, ownership of commercial bank deposits was recorded on the LSEG DiSH ledger, allowing participants to transfer deposits instantaneously, and providing a true cash leg for settlement, LSEG said.

Per the statement, the live platform allows users to unlock assets that are typically immobilized during settlement cycles, enabling continuous use of cash, securities, and digital assets.

LSEG said settlement risk is reduced through shorter settlement timelines, synchronized settlement across assets, and increased collateral availability.

The development follows LSEG’s launch of a blockchain-based platform for private funds in September 2025. That platform, developed in partnership with Microsoft, also utilizes distributed ledger technology for post-trade services.