Swiss Banks Achieve Real-Time Settlement with Distributed Ledger Technology

According to PANews, Swiss compliant crypto bank Amina Bank and Deutsche Börse's Crypto Finance Group have successfully completed a real-time fiat currency settlement pilot on Google's Universal Ledger. This initiative enables 24/7 instant settlements while maintaining full compliance throughout the process. The pilot demonstrated the modernization potential of distributed ledger technology (DLT) in scenarios such as cross-border payments, multi-currency settlements, and POS systems, with all participating banks adhering to existing regulatory frameworks. Amina Bank's CEO highlighted that the pilot proves that technological innovation can coexist with financial stability, offering a practical model for transforming the global financial system. As the currency operator for the pilot, Crypto Finance Group was responsible for setting transaction rules and overseeing compliance processes. A Google Cloud executive noted that this infrastructure can be integrated into banks' core systems to provide near real-time payment services to customers. The next phase of the pilot will expand into consumer POS integration and cross-border payment sectors.