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The Bank of England has launched a pilot project called the "Synchronisation Lab," aimed at exploring how to use the British pound for tokenized asset atomic settlement to modernize the Real-Time Gross Settlement (RTGS) system. The pilot will begin in Spring 2026 and last for six months, involving 18 companies including Chainlink, Swift, LSEG, UAC Labs, and others. The experiment will be conducted in a non-real-time environment, without involving real funds, focusing on testing use cases such as tokenized securities settlement, collateral optimization, foreign exchange, and digital currency issuance. (Cointelegraph)