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Bank of England Enlists Chainlink for Blockchain Settlement Trials
Bank of England Enlists Chainlink for Blockchain Settlement Trials
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BTCCSquare news:
The Bank of England has selected chainlink to participate in its Synchronisation Lab, a six-month initiative exploring synchronized settlements between tokenized assets and central bank money. Eighteen institutions will collaborate in a closed test environment, with Chainlink developing decentralized workflows to bridge traditional finance and blockchain infrastructure.
This experiment signals growing institutional recognition of blockchain's potential to modernize financial markets. The absence of live funds underscores the exploratory nature of the project, but the involvement of a major central bank lends credibility to tokenization efforts.
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