🇬🇧 🇸🇬 🇹🇭 Central banks of three countries successfully tested currency settlements via blockchain
The central banks of the United Kingdom, Singapore, and Thailand have completed testing of Meridian FX APAC, synchronizing currency settlements between traditional RTGS systems and blockchain infrastructure (DLT).
The technology enables currency exchanges on a “payment versus payment” (PvP) basis, reducing risks for banks. The Bank of England plans to launch a synchronization interface for live use in 2028, but the launch of the entire tested system has not yet been announced.
#DLT
The central banks of the United Kingdom, Singapore, and Thailand have completed testing of Meridian FX APAC, synchronizing currency settlements between traditional RTGS systems and blockchain infrastructure (DLT).
The technology enables currency exchanges on a “payment versus payment” (PvP) basis, reducing risks for banks. The Bank of England plans to launch a synchronization interface for live use in 2028, but the launch of the entire tested system has not yet been announced.
#DLT