T+0 Settlement Pushed into Emerging Markets by Institutional OTC Desks

Institutional OTC desks are pushing for T+0 fiat settlement in emerging markets, where the crypto leg can move quickly but the fiat leg is still slow due to banking hours and correspondent networks.

This shift changes the definition of liquidity from simply executing trades at competitive prices to also providing access to the currency, account, and jurisdiction that clients need, at a known time.

The World Bank notes that more than 100 countries now operate or are building systems that settle within seconds, but this does not remove the sequencing problem across borders.