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.
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
The Bank of England chooses Chainlink! For decentralized settlement, testing central bank funds and blockchain asset interoperability
The Bank of England has launched the "Sync Lab," collaborating with 18 institutions including Chainlink to test settlement mechanisms for central bank digital currencies and blockchain assets, aiming to modernize the real-time gross settlement system RTGS. This move reflects a focus on digital asset integration, paves the way for future stablecoin regulations, and demonstrates the UK's firm stance in the global digital finance race.
CryptoCity10m ago
Why did Bitcoin drop today? Non-farm payrolls at 130,000 lower interest rate cut expectations, US Treasury yields surge to 4.2%
The US January employment report showed 130,000 new jobs, nearly twice market expectations, and the unemployment rate dropped to 4.3%, indicating the labor market remains resilient. Strong data pushed the 10-year US Treasury yield up to 4.2%, reducing the likelihood of the Federal Reserve cutting interest rates recently. The tightening financial environment has put pressure on risk assets. Analysts point out that Bitcoin is highly sensitive to liquidity; rising government bond yields lead to capital shifting toward safer assets.
MarketWhisper13m ago
Bank of Malaysia announces the launch of a stablecoin and tokenization sandbox experiment
The Central Bank of Malaysia is piloting three regulatory sandbox programs to research and develop stablecoins and tokenized bank deposits, with a focus on using Ringgit stablecoins for cross-border settlements and promoting the development of future central bank digital currencies.
GateNewsBot22m ago
The Federal Reserve has a 94.1% probability of maintaining interest rates unchanged in March
ChainCatcher News, according to Jinshi reports, CME "Federal Reserve Watch" shows that the probability of the Federal Reserve maintaining interest rates unchanged until March is 94.1%, and the probability of a 25 basis point rate cut is 5.9%. By April, the probability of a total 25 basis point rate cut is 20.5%, the probability of keeping rates unchanged is 78.5%, and the probability of a total 50 basis point cut is 1%. By June, the probability of a total 25 basis point rate cut is 48.1%.
GateNewsBot2h ago
XRP Ledger Eyes Fed Integration With RLUSD Proposal
_Ripple files Docket OP-1877 seeking Fed payment account for RLUSD reserves, linking XRP Ledger stablecoin custody to the Federal Reserve._
Ripple has requested access to a Federal Reserve payment account for reserves backing its stablecoin, RLUSD.
The filing, listed under Docket OP-1877,
LiveBTCNews7h ago
U.S. SEC Chair Testifies Before Congress: Emphasizes Simplifying Disclosures, Reducing Costs, and Advancing Digital Asset Regulation
SEC Chairman Paul S. Atkins outlined the SEC's key focus areas at the congressional session, including reducing corporate compliance costs, supporting IPOs and capital formation, promoting digital asset regulation, reviewing traditional regulatory tools, and strengthening investor protection and enforcement. The SEC will continue to protect investors and promote market fairness.
GateNewsBot9h ago
