The South African Reserve Bank is looking into whether distributed ledger technology could be used for clearing and settlement, as part of a wider fintech initiative.

On February 13, South Africa’s central bank outlined a roadmap for its fintech programme, which will see it embark on several new projects this year.

Among them is Project Khokha, in which Sarb will explore whether DLT can be used to replicate interbank clearing and settlement.

“The aim of this project is to gain a practical