Mmastodon BusinessBanking first seen 1 d ago, last 7 h ago, peak #5

The Clearing House targets 2027 launch for on-chain settlement network

Original: The Clearing House plots next gen settlement for on-chain network It is targeting 2027 for the launch of its on-chain ne

The Clearing House, the US bank-owned payments operator, is planning an on-chain network to let banks clear and settle tokenized deposit transactions, aiming for a 2027 launch. The long-term goal is atomic settlement, in which payment legs settle instantly and simultaneously on-chain. The announcement signals major US banking infrastructure moving toward tokenized money, and market watchers are discussing what it means for banks' adoption of blockchain rails and competition with existing real-time payment systems.

Why now: A core piece of US banking infrastructure committing to an on-chain settlement network is a significant step for tokenized money in mainstream finance.

The Clearing House

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Evidence

• The Clearing House plots next gen settlement for on-chain network It is targeting 2027 for the launch of its on-chain network that will allow banks to clear and settle tokenized deposit transactions, with the eventual long-term goal of building toward atomic settlement thanks… · AlexJimenez@mas.to · 1

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