Cobo Launches Settlement Network to Provide Stablecoin Clearing and Settlement Infrastructure for Institutions

Foresight News reports that digital asset custody and wallet infrastructure provider Cobo has launched Settlement Network (SN), offering stablecoin clearing and settlement infrastructure for institutions to help both parties securely complete fiat and stablecoin settlements. In the SN settlement process, fiat currency is deposited into a bank VA account facilitated by Cobo, while stablecoins are deposited into a Cobo custody account. Once the system confirms that funds from both parties are in place and in a pending settlement state, delivery is executed simultaneously, eliminating the need for unilateral prepayment by either party and reducing counterparty default risk. The counterparties, token types, prices, and terms of the transaction are still negotiated independently by both parties, with Cobo providing secure, controllable, and traceable settlement execution after confirmation. SN supports stablecoins and multiple currencies such as USD, and is applicable to scenarios like fund operations, merchant settlements, cross-border payments, and liquidity management.