## Potential of Distributed Ledger Technology (DLT) in FX Markets

The article discusses the potential of distributed ledger technology (DLT) to reduce settlement risk in FX markets. While there have been a number of projects exploring this possibility, only one is currently live: Baton Systems’ Core FX DLT, which is used by HSBC’s FX Everywhere platform.

### Insights from Baton Systems

Alex Knight, the Head of EMEA at Baton Systems, believes that DLT-based solutions are a promising way to enable riskless settlement in a broad range of currencies. He notes that more and more financial institutions are adopting these solutions to manage settlement exposure across a wider range of currencies.

[Click here to read the article](https://www.financemagnates.com/institutional-forex/dlt-is-promising-for-fx-settlement-but-not-without-challenges/)