LSEG Enters Tokenization Era With Launch of DiSH Platform

Crypto News Blockchain

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 16, 2026

Key Takeaways

LSEG launched Digital Settlement House (DiSH), using tokenized bank deposits called DiSH Cash for faster, synchronized settlements;
DiSH enables instant PvP and DvP settlements across networks, which reduces post-trade delays and improves liquidity management;
The service, built under LSEG’s Post Trade Solutions, proved its efficiency in multi-asset, multi-currency trials on the Canton Network.

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LSEG Enters Tokenization Era With Launch of DiSH Platform

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The London Stock Exchange Group (LSEG) announced on January 15 the launch of its new service, Digital Settlement House (DiSH).

DiSH uses tokenized representations of real bank deposits, known as DiSH Cash, rather than stablecoins. This enables payment-versus-payment (PvP) and delivery-versus-payment (DvP) settlement through any connected network.

The platform aims to address common post‑trade settlement delays by enabling synchronized transactions and reducing settlement timelines. It also offers tools for efficient intraday borrowing and lending to better manage liquidity.

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The launch follows a successful proof of concept conducted on the Canton Network in collaboration with Digital Asset and several major financial institutions.

During those trials, tokenized bank deposits were used as the cash leg of transactions, with ownership recorded on the DiSH ledger and settlement executed across various assets and currencies.

LSEG stated that DiSH operates through its Post Trade Solutions business, using an established rulebook and account framework.

According to LSEG's press release, the system allows accounts at different commercial banks to transfer deposits instantly across the network.

The proof‑of‑concept demonstrated that tokenized deposits enabled trades across diverse assets and currencies and that the ownership of those deposits was recorded on the DiSH ledger.

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