Project Meridian FX APAC Publishes Cross-System Settlement Trial Results
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On November 13, 2026, the Bank of England, the Monetary Authority of Singapore (MAS), and the Bank of Thailand published the results of the Project Meridian FX APAC trial. The trial tested foreign exchange payment-versus-payment (PvP) settlement and multilateral netting across different technology systems, covering real-time gross settlement (RTGS) systems and settlement systems based on distributed ledger technology. Partior was responsible for developing, integrating, and testing the Synchronisation Operator prototype. The results showed that synchronised settlement can be implemented across different central bank systems, and presented the related requirements and trade-offs.
AI-written from reports · updated 2 hours ago
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- Bank of EnglandSelectedBank of England, MAS and Bank of Thailand Publish Results of Project Meridian FX APAC Settlement Trial
Bank of England, MAS and Bank of Thailand published the results of the Project Meridian FX APAC trial, which tested PvP foreign exchange settlement and multilateral netting across different technology systems. The trial covered RTGS and distributed ledger technology-based settlement systems. Partior developed, integrated and tested a Synchronisation Operator prototype; the results showed that synchronised settlement can be implemented across different central bank systems and outlined the related requirements and trade-offs.
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