Banking giant Citi’s latest edition of its Securities Services Evolution white paper highlighted India’s recent move to T+1 settlements, which ensures all trade-related settlements conclude within 24 hours of a transaction. As the United States, Canada and other leading economies step up efforts to transition to T+1 settlement cycles, the Citi survey gauges the importance of distributed ledger technology (DLT), CBDCs and stablecoins in expediting this transition.
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