The UK, Singapore, and Thailand central banks have published the findings from their cross-border FX settlement trial. The trial used Partior's synchronization prototype, which aims to link traditional and tokenized systems. The pilot program aimed to test the feasibility of using a tokenized system for cross-border payments.
Source
"Central Banks Complete FX Settlement Trial" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
The trial involved the use of a tokenized system to settle foreign exchange transactions, which could potentially reduce settlement times and costs.