An instant settlement network facilitates the exchange of digital assets in real-time from any part of the world. Instant settlement can exist both on and off-chain. This significantly mitigates the risks, due to all participants working within the same network.
With an instant settlement network layer, transactions are settled in real-time, within a 24-hour frame without any waiting period whatsoever. Each transaction takes place in a one-to-one manner, ensuring they don’t get bundled with the other.
These transactions are often irrevocable, final, and settled almost immediately with the availability of sufficient funds in the participant’s custody account. It is through the instant settlement network layer that enables seamless transactions of digital assets across various blockchains.