Navigating Cross-Border Settlement via Distributed Ledger Networks

The correspondent banking network that underpins cross-border payments has been contracting for a decade, and the withdrawal has fallen hardest on jurisdictions perceived as high compliance risk.

Distributed ledger corridors are increasingly framed not as an efficiency upgrade but as a replacement for capacity that no longer exists.

The technical case is settled. The obstacle is legal: netting enforceability, finality, and the treatment of a tokenised claim in insolvency all vary by jurisdiction.