The paper examines scenarios of integration Distributed ledger technology (DLT) into financial sector in Latvia. Rapid development of innovative technologies, such as DLT provide various benefits for financial companies. Empirical research findings revealed that among factors, which influence on DLT integration process (socioeconomic, financial factor, legal, technological, technical and organizational), the most important are legal and technological factors. Legal factor refers to legislative framework and regulatory environment, while technological describes project-specific characteristics, in terms of knowledge, skills and experience of specialists. Among three developed scenarios the most preferable appeared to be the one where banks and other financial organizations operating in Latvia initiate the integration of DLT to gain competitive advantage and be able to compete in the market. The other two alternatives describe situation where Central bank of Latvia or European Union initiate and organize integration of DLT into financial sector of Latvia, in order to support development and stability of the country and entire European Union in the international market. Current research gives insights into the best alternatives to integrate DLT and factors that should be considered, it can be useful for all participants of Latvian financial sector, including financial companies, Central bank and other authorities. Understanding the weights if each factor, may help project managers to draw attention towards factors with highest priority and consider them more carefully.