PANews|Nov 13, 2026 09:58
[Bank of England, Monetary Authority of Singapore, and Bank of Thailand Complete Synchronized Foreign Exchange Settlement Trial] According to the Bank of England's website, the Bank of England, the Monetary Authority of Singapore, and the Bank of Thailand have released the results of their Project Meridian FX APAC trial. The trial conducted payment-to-payment (PvP) foreign exchange settlement and multilateral netting in the three central bank test environments, covering real-time gross settlement and distributed ledger technology (DLT) systems. It demonstrates that synchronized settlement can be achieved between central bank systems using different technologies through a synchronization mechanism. The Bank of England plans to launch the synchronization interface in 2028, with Partior as the project delivery partner.
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