Euromoney reports that there is a growing interest in using DLT to address settlement risk in foreign exchange transactions, as the daily FX turnover subject to settlement risk is estimated at $2.2 trillion. Baton’s DLT solution for bilateral FX settlement, used between HSBC and Wells Fargo, is highlighted as an initiative that can improve efficiency and settlement times through a shared, private ledger that provides full visibility of FX settlement and shared transaction records.

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