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Bank of England, MAS and Bank of Thailand publish Project Meridian FX APAC findings on synchronised FX settlement across RTGS and DLT systems

Read the item · published 2026-11-13

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-11-13 17:09 UTC
Archived snapshot
SHA-256 fc4bebd6d59b90382821e82531111064e03a775a230925d2eee638f16cf9e736 · fetched 2026-11-13 · Wayback Machine copy ↗
Source type
Primary Bank of England ↗
Saved excerpt around the quote (source text, 2026-11-13)
… systems. The project encompassed a wider range of currencies, technologies, infrastructures and time zones. Partior, the project's delivery partner, developed, integrated and tested the Synchronisation Operator footnote [5] prototype for the trial. The trial demonstrated that synchronised settlement can be achieved across central bank systems with different technologies and capabilities, while identifying the requirements and trade-offs involved. They also demonstrated how multilateral net FX settlement can support banks in using their liquidity more efficiently by netting payments against each other. The project also examined the legal, regulatory and oversight considerations for applying s …
Change log (1)
  1. 2026-11-13 Published

Verified quotes

  • “The trial demonstrated that synchronised settlement can be achieved across central bank systems with different technologies and capabilities, while identifying the requirements and trade-offs involved.”
  • “They also demonstrated how multilateral net FX settlement can support banks in using their liquidity more efficiently by netting payments against each other.”
  • “The Bank of England announced their intention to launch a live synchronisation interface in 2028, as part of their Call for Input on the Future of Tokenisation with the FCA.”
  • “The analysis was informed by perspectives from the Reserve Bank of Australia and Bangko Sentral ng Pilipinas, who participated as observer central banks.”

String-matched against https://www.bankofengland.co.uk/news/2026/november/the-boe-monetary-authority-of-singapore-and-bank-of-thailand-media-release by our verifier before every deploy.

AI-drafted from the primary source; quote string-matched against the live source page · AI-assisted