Programmable Settlement

Programmable settlement can link the transfer of money to the transfer of another asset, an external event, a time condition, or a sequence of approvals. Smart contracts can support delivery-versus-payment, payment-versus-payment, escrow, margin, and other workflows on tokenized platforms. The economic and legal finality of the resulting settlement still depends on the settlement assets, platform rules, and applicable law.

Programmable settlement can reduce manual coordination between transaction legs while increasing the importance of code quality, data inputs, and clearly defined finality.