How Does the Speed of Settlement Differ between Crypto and Traditional Finance?

Cryptocurrency transactions, especially on Layer 1, can achieve final settlement (immutability) in minutes to hours. Traditional finance, particularly cross-border or complex securities trades, often takes days (T+2 or T+3 settlement).

However, crypto L2 solutions offer near-instantaneous finality. Traditional systems are striving for faster settlement, such as T+1, but face legacy infrastructure challenges.