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Settlement

Both Asset and Cash Legs Complete. Or Both Revert

Atomic settlement means asset and cash legs execute together in a single operation. No counterparty risk. No partial settlement. No nightly reconciliation runs to find mismatches.

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Why tokenization programs stall

The settlement mismatch that undermines on-chain finance

The fundamental promise of on-chain settlement. instant, final, atomic, breaks when cash remains off-chain. Tokens settle in seconds; fiat clears in days. Without on-chain cash instruments and atomic settlement mechanics, institutions inherit the worst of both worlds: blockchain complexity with traditional settlement risk.

Operations teams still reconcile across systems. Counterparty risk persists. And every multi-party transaction becomes a coordination exercise with no guarantee of atomicity.

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Tokens Settle T+0, Cash Settles T+2

Tokens move on-chain in seconds. Cash clears through traditional rails in one to three days. The mismatch creates counterparty risk that negates the promise of on-chain finance.
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Reconciliation Overhead

When asset and cash settle on different timelines and in different systems, operations teams spend hours matching records across ledgers. Nightly reconciliation runs are not eliminated — they multiply.
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Multi-Party Complexity

Transactions involving multiple parties and multiple assets require coordinated settlement across counterparties — without a mechanism that guarantees all-or-nothing execution.

how dalp solves it

Key guardian: multi-backend key management

Asset and cash legs execute together in a single atomic operation. If either leg fails, due to insufficient balance, compliance check failure, or custody approval denied, both revert. The transaction either completes fully or doesn't happen at all.

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No counterparty risk

Neither party is exposed to the other failing to deliver
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No partial settlement

Assets and cash always match
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No reconciliation gaps

One ledger, one transaction, one source of truth
Atomic DvP settlement
XvP settlement

Exchange-versus-Payment (XvP): multi-party settlement

XvP extends atomic guarantees to multi-party, multi-asset transactions. Three or more parties exchanging different instruments settle simultaneously: all legs complete or all revert. Two models at play:

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Local (same-chain)

All parties on the same network. Settlement executes in a single atomic transaction with the lowest latency and gas cost
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HTLC (cross-chain)

Parties on different chains. Hash Time-Locked Contracts provide atomic cross-chain settlement with cryptographic guarantees

DALP operates using deterministic closure, whereby every settlement session terminates in one auditable end-state — executed, cancelled, or expired: withdrawn. Contract guards enforce terminal state semantics. No ambiguous or stuck sessions.

XvP settlement

flexible setup

Settlement closure and finality

Settlement closure follows deterministic rules with explicit state transitions. 

Safari - Light Deployment 2
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Closure-readiness checks validate all prerequisites before execution
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Approval and hashlock verification ensures all parties have confirmed
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Cancellation vote logic requires consensus for session termination
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Expiry-withdrawal processing handles timeouts with automatic fund return
Safari - Light Deployment 2
Safari - Light Settlement 3
Safari - Light Settlement 3

Every closure event is projected into the subgraph for real-time observability and historical audit. 

What DALP settles

Asset legs (tokenized instruments) and on-chain cash legs (tokenized deposits, stablecoins). Settlement finality is deterministic for on-chain legs.

What DALP doesn't settle

Off-chain fiat transfers. DALP provides configurable settlement infrastructure, but fiat clearing remains on external payment rails.

Settlement observability

Pre-built dashboards track settlement activity, success rates, and exception handling. Automated alerting on failures and timeouts. Full audit trail from session creation through terminal closure.

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OnChainID

OnChainID

Provides verifiable, on-chain investor identities. The Identity Registry manages verified profiles with claim-based verification — KYC/KYB credentials, accreditation status, jurisdictional eligibility — reusable across all assets and transactions.
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Onboard Once

Onboard Once

Investor credentials apply across every asset on the platform. No re-verification per instrument. No duplicate identity management.
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ERC-3643

ERC-3643

The regulated token standard ensures every token carries compliance enforcement natively. This is not a proprietary standard; it is the open standard designed specifically for regulated securities.
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Real-Time Status

Real-Time Status

Settlement session state via subgraaph projections and Grafana dashboards.
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Incident Tracking

Incident Tracking

Detection, notification, and escalation of failures or timeouts.
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Audit Evidence

Audit Evidence

Every settlement session auditable from creation to terminal closure

Key capabilities

DvP

Atomic Delivery-versus-Payment — both legs complete or both revert

XvP

Multi-party Exchange-versus-Payment with same atomic guarantees

Settlement Models

Local (same-chain) and HTLC (cross-chain)

Closure States

Deterministic: executed, cancelled, or expired-withdrawn

Compliance

Ex-ante enforcement embedded in every settlement

Finality

 T+0 on-chain settlement finality for asset and on-chain cash legs

Observability

Real-time dashboards, incident tracking, full audit trail

Payment Rails

Configurable settlement infrastructure for connectivity

See atomic settlement in action

Walk through DvP, XvP, and cross-chain settlement with our team.