BIS
Atomic Settlement (DvP)
Atomic settlement enables simultaneous, irreversible delivery of securities and payment (DvP) on a distributed ledger, eliminating the settlement risk inherent in T+2 markets.
CBDC (Central Bank Digital Currency)
A CBDC is a digital form of central bank money, available in retail or wholesale form, with implications for monetary policy, financial stability, and tokenized asset settlement.
Tokenized Deposit
A tokenized deposit is a blockchain-based representation of a commercial bank deposit, regulated as a bank liability distinct from stablecoins and CBDCs.