According to the Bank of England, today (November 13), the central banks of England, Singapore, and Thailand completed the Project Meridian FX APAC trial. The experiment tested payment-versus-payment (PvP) foreign exchange settlement and multilateral net settlement across the three central banks' systems using distributed ledger technology (DLT), demonstrating synchronized settlement between different central bank infrastructures.

The Bank of England plans to launch the synchronized interface in 2028, with Partior serving as the delivery partner for the project.

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