Bank of England, Singapore and Thailand Advance Cross-Border FX Settlement Ahead of 2028 Rollout
By James Munene
The Bank of England, Singapore and Thailand have completed cross-border FX settlement trials as part of Project Meridian FX APAC. The tests showed the capacity to coordinate currency transactions through different payment systems, both traditional and blockchain infrastructure. Ad Ad Central Banks Demonstrate…
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Blockchain
A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.
It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.
More about BlockchainCentral bank
The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.
Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.
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