London Stock Exchange Group launches Digital Settlement House for tokenized cash

The company stated DiSH is designed to support payment-versus-payment and delivery-versus-payment settlement and to orchestrate cash and asset movements across multiple networks. A core component, DiSH Cash, records ownership of commercial bank deposits on the DiSH ledger and is intended to enable 24/7 transfer of commercial bank money across participating banks, currencies and jurisdictions.

LSEG stated the service can settle transactions on its own ledger or act as a notary layer to coordinate settlement that occurs on other networks and in other assets. It also described planned tools for intraday liquidity management, including borrowing and lending, and said shorter settlement timelines and synchronized settlement could reduce settlement risk and increase collateral availability.

The launch follows a proof of concept conducted with Digital Asset and a consortium of financial institutions on the Canton Network, LSEG noted. In that test, commercial bank deposits held at participating banks were recorded on the DiSH ledger and tokenised on Canton to serve as the cash leg for transactions across multiple currencies and assets.

LSEG noted DiSH will sit within its Post Trade Solutions business and operate under a rulebook and account structure intended to support a network of members across multiple commercial banks. Daniel Maguire, group head of LSEG Markets and chief executive of LCH Group, described the service expands tokenised cash options and aims to connect cash, securities and digital assets across existing and new market infrastructure.

As GNcrypto covered earlier, Bitwise listed its first spot XRP exchange-traded fund on the New York Stock Exchange on 20 November 2025 under the ticker XRP. The fund carries a 0.34% annual fee, with fees waived for the first month on the first $500 million of assets, and started trading with about $2.3 million of seed capital from market makers and authorized participants. Bitwise said the ETF holds XRP directly and comes as the firm expands beyond bitcoin and ether products, including filings for proposed U.S. spot ETFs tied to Chainlink and Hyperliquid’s HYPE token.