UK, Singapore and Thailand test simultaneous settlement across tradfi and DLT systems

The central banks of the UK, Singapore and Thailand have completed a test to determine whether cross-border currency transactions can be settled simultaneously by linking traditional financial systems with distributed ledger technology-based systems, Cointelegraph reported. The test focused on proving that settlements processed through different systems could be completed at the same time, and the results confirmed that simultaneous settlement of cross-border currency trades between the two systems is possible.