The Bank of England collaborates with multiple companies to conduct distributed ledger settlement testing

LINK0,72%

BlockBeats News, February 11 — The Bank of England has officially launched the “Synchronization Lab” pilot project, conducting a six-month non-real funds experiment to test the feasibility of achieving synchronization and atomic settlement using central bank digital currencies and tokenized assets, thereby modernizing the UK’s real-time gross settlement (RTGS) infrastructure. The Bank of England selected 18 participating institutions, including well-known companies and fintech firms such as Chainlink, Swift, and LSEG. Among them, Chainlink will be responsible for testing decentralized solutions to achieve synchronized settlement of central bank digital currencies and securities on distributed ledgers, while other participants will focus on diverse use cases such as tokenized government bonds, conditional payments, collateral optimization, foreign exchange settlement, and digital currency issuance.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Forget M2: Treasury T-Bill Issuance Emerges as Bitcoin’s Strongest Macro Signal

_Bitcoin closely tracks shifts in U.S. T-bill issuance, more than M2 or Fed balance sheet changes._ For years, crypto investors relied on M2 money supply and Federal Reserve balance sheet data to predict Bitcoin’s direction. Liquidity expansion often aligned with rallies, while tightening

LiveBTCNews14h ago

The U.S. SEC allows broker-dealers to include stablecoin capital at a 2% discount, promoting the development of tokenization and crypto businesses.

The U.S. Securities and Exchange Commission (SEC) latest guidelines allow securities brokers to apply a 2% discount rate to stablecoin holdings when calculating capital, significantly reducing the capital cost of stablecoins and enhancing their compliance status. This change promotes the development of tokenized securities and crypto asset businesses and is seen as an important step by the SEC to modernize crypto regulation.

ChainNewsAbmedia15h ago

Lagarde to step down early as ECB President? Foreign media list four major candidates—what impact could this have on the industry?

European Central Bank President Lagarde is considering stepping down early, sparking market attention on her successor. Lagarde holds a tough stance on cryptocurrencies, and it is expected that her successor may relax regulations, which could benefit the development of the Web3 industry. As the digital euro progress advances and MiCA II is implemented, Europe may shift toward a more flexible digital currency system, thereby regaining its digital economy competitiveness.

CryptoCity16h ago

ECB allocates a cost of 1.3 billion euros for the digital euro project amid rumors of leadership changes

Christine Lagarde, ECB President, faces a pivotal moment with potential departure before her term ends in 2027, coinciding with the Euro digital currency project's next phase. The ECB plans public consultation for payment service providers in March 2026, while costs for the digital Euro are significant. Leadership transition may influence communication but not policy changes.

TapChiBitcoin18h ago

Rich Dad Poor Dad author: Has purchased Bitcoin at the $67,000 price level; the US dollar may be impacted by the debt crisis

Robert Kiyosaki, author of "Rich Dad Poor Dad," posted on X that despite the decline in the crypto market, he still bought 1 Bitcoin for $67,000. He believes that when the US dollar system is impacted by debt issues, there will be a large-scale money printing, and with Bitcoin's total supply approaching its cap, its advantages will surpass gold.

GateNewsBot18h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)