Industry-standard oracle network Chainlink has been selected to participate in the Bank of England’s Synchronisation Lab, a platform for validating the Bank’s renewed RTGS service, RT2, by showcasing a diverse range of use cases reflecting the depth of interest and commitment across the sector.
Chainlink is among 18 Lab participants including Swift, the world’s leading provider of secure financial messaging services, whose multi-year collaboration with Chainlink to advance digital assets recently led to a landmark interoperability trial that established the seamless exchange and settlement of tokenized bonds with support for payments in both fiat and digital currencies.
As the Lab’s decentralized solution provider, Chainlink will facilitate a model to execute synchronized atomic settlement between central bank money and tokenized securities in a simulated environment. The Lab is designed to build on the findings of Project Meridian, a series of experiments linking central bank payment systems to DLT for tokenized securities and FX trades, in 2025.
The Lab marks a significant step in testing interoperability for digital assets and exploring cutting-edge settlement models that underscore the UK as a hub for financial innovation. Over the course of six months, beginning in the spring of 2026, participating synchronization operators will test use cases, demonstrate interaction with RT2 and synchronization users, and share findings to inform the design of a future live service.