The Bank of England, the Monetary Authority of Singapore and the Bank of Thailand have published findings from a trial of synchronised cross-border FX settlement across traditional and blockchain-based systems.
On November 13, 2026, the three central banks released the results of Project Meridian FX APAC, testing payment-versus-payment settlement and multilateral netting in their test environments. The trial spanned real-time gross settlement systems and distributed ledger platforms, with Partior building a Synchronisation Operator prototype so one currency would move only if the matching payment also went through.
The experiment is not a live service. The Bank of England plans to introduce a live synchronisation interface in 2028, and the reports say legal arrangements, regulatory oversight and broader participation still need more work before commercial use. The Reserve Bank of Australia and Bangko Sentral ng Pilipinas joined as observers.
#FXSettlement #Blockchain #Payments
DYOR. Not financial advice.
On November 13, 2026, the three central banks released the results of Project Meridian FX APAC, testing payment-versus-payment settlement and multilateral netting in their test environments. The trial spanned real-time gross settlement systems and distributed ledger platforms, with Partior building a Synchronisation Operator prototype so one currency would move only if the matching payment also went through.
The experiment is not a live service. The Bank of England plans to introduce a live synchronisation interface in 2028, and the reports say legal arrangements, regulatory oversight and broader participation still need more work before commercial use. The Reserve Bank of Australia and Bangko Sentral ng Pilipinas joined as observers.
#FXSettlement #Blockchain #Payments
DYOR. Not financial advice.
