La Banque d'Angleterre trouve de nouveaux cas d'utilisation pour DLT dans le règlement synchronisé

The ‘Project Meridian’ prototype demonstrates how to orchestrate synchronised settlement in central bank money using housing transactions as an exploratory use case.

In this instance, transactions settle using central bank money in an RTGS system. Funds are transferred from a buyer to a seller only if a corresponding asset on another ledger – a real estate registry in the project’s use case – moves at the same time in the opposite direction, reducing transaction costs and risks and increasing efficiency.

This is achieved via a new entity, the synchronisation operator, which in the experiment uses distributed ledger technology (DLT) to interlink the central bank’s settlement system with other financial market infrastructures and ledgers, automatically orchestrating the exchange in ownership of funds and assets.

La Banque d'Angleterre et la BRI affirment que l'interface générique pourrait offrir aux opérateurs de synchronisation un moyen standard de connecter plusieurs types de registres d'actifs, tels que les devises, les actions et les obligations, à un système RTGS et de régler en monnaie de banque centrale, éliminant ainsi les risques de contrepartie et réduire les coûts de liquidité.

Francesca Hopwood Road, head of the BIS Innovation Hub London Centre, says: “Project Meridian demonstrates the potential to improve the functioning of existing financial market infrastructures with new technologies such as DLT. As central banks periodically update their settlement systems, the project’s insights will support the analysis of synchronisation’s benefits and shape how that service should be designed.”

Pour en savoir plus sur l'innovation des paiements, inscrivez-vous à NextGen Nordics qui aura lieu le 25 avril 2023.