๐๏ธ UK, Singapore and Thailand central banks link traditional and tokenized FX settlement
The Bank of England, the Monetary Authority of Singapore and the Bank of Thailand have completed Project Meridian FX APAC, testing cross-border FX settlement that connects traditional RTGS payment systems with distributed ledger technology. A prototype built by Partior coordinated payment-versus-payment settlement and multilateral netting, with the Reserve Bank of Australia and Bangko Sentral ng Pilipinas observing.
The policy report flagged open questions on operational resilience, settlement finality, governance, liability and cross-border data sharing. The BOE plans to launch a live synchronisation interface in 2028.
โญ Major central banks are building the plumbing that lets tokenized money settle alongside today's systems, a key step for institutional tokenization and onchain FX.
#Tokenization #CentralBanks #RWA #Blockchain
The Bank of England, the Monetary Authority of Singapore and the Bank of Thailand have completed Project Meridian FX APAC, testing cross-border FX settlement that connects traditional RTGS payment systems with distributed ledger technology. A prototype built by Partior coordinated payment-versus-payment settlement and multilateral netting, with the Reserve Bank of Australia and Bangko Sentral ng Pilipinas observing.
The policy report flagged open questions on operational resilience, settlement finality, governance, liability and cross-border data sharing. The BOE plans to launch a live synchronisation interface in 2028.
โญ Major central banks are building the plumbing that lets tokenized money settle alongside today's systems, a key step for institutional tokenization and onchain FX.
#Tokenization #CentralBanks #RWA #Blockchain
