Chainlink, a decentralized oracle network that connects smart contracts to real-world data, has been chosen to join the Bank of England’s Synchronization Lab, an experimental program testing how blockchain-based assets can be settled alongside traditional central bank money.
JUST ANNOUNCED: Chainlink has been selected to participate in the Bank of England’s Synchronization Lab.
Chainlink supports synchronized settlement between central bank money and onchain securities.
This is how the UK financial system moves. pic.twitter.com/b3ho0gN1DY
— Chainlink (@chainlink) February 10, 2026
The initiative announced today positions the oracle provider among 18 firms selected to explore settlement coordination between sterling held at the central bank and securities recorded in distributed ledgers. The laboratory is expected to start in spring 2026 and last approximately six months.
Chainlink will focus on building a decentralized approach to executing settlements that link central bank funds to digitally issued securities. UAC Labs AG joins the project with a similar mandate, while other participants – including Swift, LSEG and Partior – will test use cases covering currency transactions, tokenized bonds and collateral management.
The Synchronization Lab is part of the central bank’s broader efforts to modernize its Real-Time Gross Settlement infrastructure, known as RT2. Participants will interact with a simulated version of the upgraded system through special APIs and a user interface, allowing them to demonstrate how their platforms would coordinate with both payment providers and asset registries.
The Bank of England has emphasized that the laboratory does not actually manage funds or grant regulatory approval. Instead, the findings will inform design choices for future live sync capabilities.
The project comes as UK regulators promote a parallel consultation on systemic stablecoins, proposing rules that would apply to digital tokens backed by government bonds or central bank deposits.
This is a development story. Please come back for further updates.