BIS Proves Cross-Border FX Synchronization Possible - FinanceFeeds

BIS Proves Cross-Border FX Synchronization Possible - FinanceFeeds

The Bank for International Settlements, together with the Bank of England, Bank of France, Bank of Italy, Deutsche Bundesbank, and the European Central Bank, has completed Project Meridian FX (MFX), a joint initiative demonstrating the technical feasibility of cross-border, synchronized foreign exchange (FX) transactions. The project marks a significant advance in the ability of real-time gross settlement (RTGS) systems to interoperate with dist…

BIS and Central Banks Prove FX Settlement Sync Across RTGS Systems - Fintech Schweiz Digital Finance News - FintechNewsCH

The Bank for International Settlements (BIS), in collaboration with its central bank partners, has successfully demonstrated how wholesale payment infrastructures, such as Real-Time Gross Settlement (RTGS) systems, can interoperate for foreign exchange (FX) transactions through the use of new technologies. The initiative focused on synchronising the settlement of FX transactions using distributed ledger technology (DLT), ensuring that the transf…

BIS Publishes Findings from DLT Project to Enhance FX Settlements

Project Meridian FX demonstrated the technical feasibility of using "synchronisation operators" to modernise FX settlements, improve interoperability, and increase efficiency. To continue reading... Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financi…