Bank of England Partners with Chainlink for Asset Testing
- Bank of England collaborates with Chainlink for asset testing.
- Testing involves simulated atomic settlement of tokenized assets.
- Participants include 18 organizations exploring financial tech solutions.
The Bank of England has selected Chainlink, among 18 participants, to test atomic settlement for tokenized assets through its Synchronisation Lab, beginning in spring 2026.
This collaboration aims to revolutionize tokenized asset settlements, impacting the financial ecosystem by engaging major players such as Swift in developing advanced interoperable solutions.
The Bank of England has partnered with Chainlink to experiment with atomic settlement for tokenized assets. This initiative involves a simulated RT2 system with no real money in play, scheduled to last six months from spring 2026.
The Synchronisation Lab spearheaded by the Bank of England includes 18 participants, among them Chainlink, Swift, and LSEG. They will focus on various use cases such as tokenized bonds and FX trades, to enhance financial infrastructure.
The collaboration is expected to impact financial markets by improving settlement efficiency without current shifts in assets like ETH or BTC. The testing aims to showcase synchronized settlement options among the participants using a simulated environment.
Financially, there’s no funding involved, as the tests are conducted within a simulated framework. There have been no notable liquidity shifts as these tests don’t engage with live transactions, mitigating any immediate market impact.
The initiative may set a precedence in exploring blockchain integration into traditional finance. Initial tests began with the Bank’s Synchronisation Lab in October 2025 to broaden Project Meridian under regulated environments.
Outcomes from the project could potentially inspire regulatory implications and advancements in cross-chain interoperability. Historical trends from the lab’s inception indicate industry interest in enhanced transaction frameworks bedding in with financial institutions. A quote from the Bank of England’s official statement highlights this aim:
The Synchronisation Lab will explore synchronized settlement options with RT2, emphasizing the use of simulated environments without real money involved.Source
