Topic: #settlement
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Solana Foundation launches open-source DvP settlement program with J.P. Morgan input
The Solana Foundation announced Solana DvP, an open-source escrow program giving institutions a standardized API for delivery-versus-payment settlement, with design input from J.P. Morgan.
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Kraken parent Payward adds 24/7 dollar settlement with Singapore Gulf Bank
Payward, the parent of Kraken, partnered with Bahrain-regulated Singapore Gulf Bank to offer 24/7 US dollar settlement through SGB Net for select institutional clients in Asia and the Gulf region.
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Kraken parent Payward plugs into Singapore Gulf Bank network for 24/7 USD settlement
Payward, the company behind Kraken, integrated Singapore Gulf Bank's real-time clearing network so select institutional clients in Asia and the Gulf can settle U.S. dollar crypto transactions around the clock.
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Chainlink's Project Pangea enables T+0 FX settlement, eliminating business-day delays
Chainlink unveiled Project Pangea, a consortium of 50+ banks across 16 countries, to test instant T+0 settlement for cross-border foreign exchange trades using blockchain infrastructure and regulated stablecoins. The initiative targets the EUR-KRW corridor and aims to execute live transactions within 12 months.
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Hana Bank issues $100M digital bond with T+0 settlement on Euroclear blockchain
South Korea's Hana Bank completed a $100 million foreign-currency digital bond on Euroclear's blockchain platform with T+0 settlement, eliminating the traditional three-to-five-day cycle and marking the first such transaction by a Korean commercial bank.