Bank of England, MAS and Bank of Thailand Complete Synchronised FX Settlement Trials

November 13: According to the Bank of England's official website, the Bank of England, the Monetary Authority of Singapore and the Bank of Thailand have published the results of the Project Meridian FX APAC trials. The trials, conducted in the three central banks' test environments, covered payment-versus-payment (PvP) FX settlement and multilateral netting, spanning real-time gross settlement and distributed ledger (DLT) systems, and showed that synchronisation mechanisms can enable synchronised settlement across central bank systems built on different technologies. The Bank of England plans to launch its synchronisation interface in 2028, with Partior as the project delivery partner.