Overview
- Set to start in spring 2026, the six‑month program brings together 18 firms to explore synchronized settlement between tokenized assets and central bank money.
- Chainlink will prototype a decentralized approach to link central bank funds with on‑chain securities for atomic settlement.
- Participants including Swift, LSEG, Partior, and UAC Labs AG will trial use cases spanning foreign exchange, tokenized bonds, and collateral management.
- Firms will connect to a simulated version of the RT2 system via APIs and a user interface, with no real funds used and no regulatory approval implied.
- The Bank of England says findings will inform potential live capabilities, while initial market reaction was muted with LINK trading near $8.51, down about 1.6%.