THE BLOCK · 2026-11-13 12:26 UTC

UK, Singapore, and Thailand central banks complete foreign exchange settlement trial linking traditional and tokenized systems

The Bank of England, Monetary Authority of Singapore, and Bank of Thailand published findings from Project Meridian FX APAC, testing settlement of both legs of FX payments across RTGS and DLT systems. The prototype, developed by Partior, coordinated payment-versus-payment settlement and multilateral net FX transactions; the Reserve Bank of Australia and Bangko Sentral ng Pilipinas participated as observers. The policy report flagged open questions on operational resilience, settlement finality, governance, liability and cross-border data sharing, and the BOE plans a live synchronisation…

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