Dusk's cross-border transaction compliance settlement solution, integrated with the SWIFT system and Chainlink CCIP protocol, enables true synergy between on-chain token transactions and traditional cross-border payments.
The core of this system lies in the compliance baseline—automatically executing anti-money laundering checks and counter-terrorism financing reviews for counterparties, while simultaneously handling exchange rate conversions and fund settlements. The settlement process, which previously took T+2 business days, can now be completed in real-time.
The system also automatically generates standardized cross-border transaction compliance reports that users can directly submit to their local regulatory authorities. An interesting aspect of this design is that it not only increases the speed of cross-border transactions but also addresses compliance issues at the source—it's not a remedial measure after the fact, but an integrated process throughout.
Compared to the inefficiency and complexity of traditional cross-border payments, this solution hits the industry's pain points. Real-time settlement combined with on-chain transparency offers significant improvements for business scenarios requiring frequent cross-border fund flows.
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BearMarketBarber
· 17h ago
Wait, can real-time settlement really be achieved? If that's true, the traditional T+2 process used by banks would be completely overwhelmed.
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0xInsomnia
· 17h ago
Real-time settlement, no longer restricted by T+2. This time, Dusk is truly serious.
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fork_in_the_road
· 17h ago
Really? T+2 instant transfer? If this really becomes practical, it would be a game-changer. The traditional cross-border system should have been phased out long ago.
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Automated anti-money laundering checks—regulators won't have much to say now, right?
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On-chain transparency + compliance reports directly submitted—feels like it's designed for institutions. Can individual users access it?
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Compliance clearing has always been a pain point. Dusk has really seized this opportunity.
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Wait, Chainlink CCIP plus SWIFT—can this combination really integrate so seamlessly?
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Real-time settlement sounds great, but I wonder if the fees will skyrocket.
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Solving issues at the source rather than patching after the fact—this approach is definitely more sensible than most solutions.
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I'm curious about the success rate in real-world scenarios; it seems that details make all the difference.
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If this can truly operate stably, the cross-border payment landscape might change.
Dusk's cross-border transaction compliance settlement solution, integrated with the SWIFT system and Chainlink CCIP protocol, enables true synergy between on-chain token transactions and traditional cross-border payments.
The core of this system lies in the compliance baseline—automatically executing anti-money laundering checks and counter-terrorism financing reviews for counterparties, while simultaneously handling exchange rate conversions and fund settlements. The settlement process, which previously took T+2 business days, can now be completed in real-time.
The system also automatically generates standardized cross-border transaction compliance reports that users can directly submit to their local regulatory authorities. An interesting aspect of this design is that it not only increases the speed of cross-border transactions but also addresses compliance issues at the source—it's not a remedial measure after the fact, but an integrated process throughout.
Compared to the inefficiency and complexity of traditional cross-border payments, this solution hits the industry's pain points. Real-time settlement combined with on-chain transparency offers significant improvements for business scenarios requiring frequent cross-border fund flows.