- The Bank of England has selected ten projects for its Synchronisation Lab, starting in Spring.
- The lab aims to validate data-sharing models with the RTGS system and illustrate applications.
- It is part of Project Meridian, which demonstrated atomic settlement via tokenization and DLT.
- Eighteen companies are involved, including financial market infrastructures and DLT firms.
This Spring, The Bank of England will launch its Synchronisation Lab with ten selected projects to explore data sharing with the real-time gross settlement system.
Consequently, the lab will run for approximately six months, aiming to validate design models and demonstrate potential applications.
However, this initiative builds on Project Meridian, which previously showed how tokenization and DLT can enable atomic settlement using central bank money.
Meanwhile, participation is not limited to RTGS account holders; DLT operators and their users can also join, though currently in a simulated environment.
Furthermore, eighteen companies are involved across the ten projects, including multiple financial market infrastructures and well-known DLT firms.
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