BoE and Asian Central Banks Test Linked FX Settlement
Project Meridian FX APAC connected traditional and tokenised test systems without live participants.
The Bank of England and central banks across Asia have tested a linked foreign exchange settlement system, according to TheDefiant.
Project Meridian FX APAC
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The initiative, designated Project Meridian FX APAC, successfully connected traditional financial systems with tokenised test platforms. According to the report, the trial did not involve live market participants or operate under production conditions.
Key facts
- The Bank of England and Asian central banks participated in the test.
- The initiative was named Project Meridian FX APAC.
- The test linked traditional and tokenised systems.
- The trial operated without live participants or production conditions.
Source: thedefiant.io
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