Instant Settlement Network Layer

Transactions on instant settlement networks are settled in real-time, 24 hours a day, on a gross basis and not subject to any waiting period. Each transaction is settled in a one-to-one manner such that it is not bunched with other transactions. 

Transactions are final, irrevocable, and settled immediately if there are sufficient funds in the participant’s custody account. Instant settlement networks have enabled the seamless transfer of digital assets across blockchains, bringing a transformative solution to traditional settling systems with unnecessary intermediaries. 

Gunnar Jaerv is the chief operating officer of First Digital Trust — Hong Kong’s technology-driven financial institution powering the digital asset industry and servicing financial technology innovators. Prior to joining First Digital Trust, Gunnar founded several tech startups, including Hong Kong-based Peak Digital and Elements Global Enterprises in Singapore.