Laura WilesIn light of BoE’s renewed RTGS service which went live on 28 April 2025, Victoria Cleland – Executive Director for Payments – has delivered a speech on synchronised settlement plans and initiatives in wholesale payments.
Synchronisation allows conditional settlement of funds in RTGS against assets on external ledgers, involving a new entity called a ‘synchronisation operator”. The BoE is set to launch a Synchronisation Lab to assess synchronisation flows with RTGS, provided a non-live experiment environment for potential operators.
BoE has also launched a programme of wholesale experiments to explore new types of settlement using central bank money, with a focus on tokenised securities settlement.