Abstract
Recently, digital innovation has revolutionized the world of payments and settlement services. Innovative technologies, such as the tokenization of assets, as well as new forms of digital payments, have challenged both current business models and the existing models of regulation. In this scenario, semantic transparency is fundamental not only to adapt regulation frameworks, but also to support information integration and semantic interoperability. In this paper, we deal with these issues by proposing an ontology-based approach for the modeling of payments and linked obligation settlements, that reuses reference ontologies to create ontology-based modeling patterns that are applied to model the domain-related concepts.