Settle
Settlements Overview
Overview
Settlements on the Go Network enable you to settle multi-asset trades between Go Accounts, off chain. Assets never leave BitGo cold storage, minimizing counterparty risk, and because settlements are off chain, they're quicker and less expensive than on-chain transactions.
Note
When transacting from Go Accounts, ensure ticker symbols use the ofc prefix, which denotes the tokenized asset is off chain. To learn more, see Asset Ticker Symbols.
Prerequisites
Steps
The settlement flow depends on who initiates the settlement:
- Create Settlements to initiate the settlement process with your counterparty.
- Approve Settlements or Reject Settlements to finalize a settlement initiated by your counterparty.