Chainlink, a decentralized oracle network that connects smart contracts to real-world data, has been selected to participate in the Bank of England’s Synchronization Lab, an experimental program testing how blockchain-based assets can be settled alongside traditional central bank funds.
Just announced: Chainlink has been selected to participate in the Bank of England’s Sync Lab.
Chainlink supports synchronous settlement between central bank money and on-chain securities.
This is how the UK financial system will go on-chain. pic.twitter.com/b3ho0gN1DY
— Chainlink (@chainlink) February 10, 2026
The initiative, announced today, will see oracle providers among 18 companies chosen to explore coordinating payments between central banks’ holdings of sterling and securities recorded on distributed ledgers. The laboratory is scheduled to begin operations in the spring of 2026 and run for approximately six months.
Chainlink will focus on building a decentralized approach to performing payments that connect central bank funds with digitally issued securities. UAC Labs AG will also join the project in a similar capacity, and other participants such as Swift, LSEG, and Partior will test use cases spanning foreign exchange trading, tokenized bonds, and collateral management.
The Sync Lab forms part of the central bank’s broader efforts to modernize its real-time gross payments infrastructure, known as RT2. Participants will be able to interact with a simulated version of the upgraded system through a dedicated API and user interface, demonstrating how the platform works with both payment providers and asset registries.
The Bank of England stressed that the institute would not handle actual funds or grant regulatory approval. Instead, the findings will inform design choices for future live sync features.
The project comes as UK regulators carry out parallel consultations on System Stablecoins, proposed rules governing digital tokens backed by government bonds or central bank deposits.
This is a developing story. Please stop by again for future updates.
