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BIS’ Project Meridian FX Demonstrates DLT-Based Cross-Border Settlement Interoperability
BIS’ Project Meridian FX Demonstrates DLT-Based Cross-Border Settlement Interoperability
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Central banks have achieved a breakthrough in synchronizing foreign exchange settlements using distributed ledger technology. The Bank for International Settlements, alongside the Bank of England, European Central Bank, and other major institutions, proved RTGS systems can interoperate for FX transactions across jurisdictions.
Project Meridian FX successfully tested atomic settlement mechanisms between disparate wholesale payment infrastructures. This development signals growing institutional adoption of DLT solutions for improving capital efficiency in global markets.
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