The Bank of England has taken a crucial step towards blockchain integration. According to one update shared by Quant Network CEO Gilbert Verdian, the bank has invited Quant to test out an idea in a sandbox managed by the financial institution. The goal is to test a treasury automation idea that involves atomic cash movements across multiple banks.
Quant proposes a multibank treasury automation model
The purpose of this ‘test’ is specifically to enable the Bank of England to perform synchronization for its future upgrades to the UK’s Real-Time Payments System (RTGS). The bank’s synchronization laboratory acts as a simulation environment without any real money, production system or policy decision.
However, this move indicates that the bank is prepared for possible future integrations. The Bank of England is investigating this because the current structure is fragmented across systems, and atomic settlement reduces the associated risks.
Verdian stated that the Quant Network proposes to test a way for large companies that use multiple banks to move money between those banks at once.
I’m pleased to share that @quantnetwork has been selected for @bankofengland’s Synchronization Lab as part of the RTGS Future Roadmap.
Our use case: multi-bank atomic treasury operations powered by Quant Flow and PayScript®. All payment processes are processed together or not at all,… pic.twitter.com/NjVjFvpJOf
— Gilbert Verdian (@gverdian) February 13, 2026
The current structural arrangement is that a company sends payments to one entity, waits, and then sends them to another entity, waiting for them to go through. It is likely that of all payments, one or two will fail. Verdian calls this risk “partial settlement.”
However, Verdian says Quant wants to eliminate this partial settlement risk across multiple banks in one action. That is, all transfers are initiated as a single action and everything is handled together or not at all.
He says that to achieve this, Quant will leverage its automation platform to simulate multiple banks reserving funds and making all transfers simultaneously. Once the agreement is finalized, Quant will update treasury information.
The goal is to reduce operational risk and liquidity buffers and automate treasury workflows. It will also remove the complexity associated with reconciliation, which is a real problem in corporate banking systems such as the Bank of England.
BoE moves from CBDC to infrastructure modernization
Just like other protocols such as the XRP ledgerthe development highlights Quant Network’s role in enabling atomic settlement for multi-bank treasury transactions. If adopted, it should guarantee faster payments without disrupting existing market infrastructures.
Interestingly, around this time, exactly a year ago, the Governor of the Bank of England, Andrew Bailey, was exploring other options. Bailey looked at it creating a central bank digital currency (CBDC) and called for high regulatory standards for stablecoins.
It seems that the financial institution is keen to embrace digital assets and the supporting infrastructure to provide better services to its users.