> Nobody in financial services thinks that real-time settlement is a bad idea
Maybe this is referring to something else, but e.g. Matt Levine thinks it's a bad idea: https://www.bloomberg.com/news/newsletters/2021-02-26/money-... discusses how real time settlement on spot prices for electricity would be worse than the alternative.
https://www.bloomberg.com/news/newsletters/2021-02-25/money-... discusses how real time settlement would require you to have all money on hand immediately, making trading more difficult and expensive. Also amusingly:
> It is not unimaginable that the stock market could move to real-time settlement; you could put stocks on the blockchain hahaha.