HSBC, Wells Fargo use distributed ledger technology in FX payment trade

HSBC and Wells Fargo are performing Payment vs Payment (PvP) foreign exchange trade settlements using distributed ledger technology. The system had settled $250 million as of close of business Wednesday, according to Mark Williamson, global head of FX Partnerships and Propositions at HSBC. The solution can settle in as little as three minutes, according to […]