The Bank of England has launched a new industry trial initiative called Synchronisation Lab to explore the synchronized atomic settlement of tokenized assets denominated in pound sterling. This initiative, as part of the United Kingdom’s efforts to modernize its real-time gross settlement (RTGS) infrastructure, will test delivery versus payment (DvP) and payment versus payment (PvP) settlements between the next-generation RTGS core ledger RT2 and external distributed ledger technology (DLT) platforms. The six-month pilot will begin in spring 2026 and will be conducted in a live environment without using real money.
What is the Bank of England Synchronisation Lab?
The Synchronisation Lab aims to achieve atomic settlement between central bank money and tokenized assets. The RT2 renewal of the RTGS system will provide seamless transactions by integrating with DLTs. This will minimize risks in financial markets while enhancing the scalability of tokenization. The trials aim to refine synchronization mechanisms and build a bridge between traditional finance (TradFi) and Web3.
Chainlink (LINK) and the Technical Roles of Participants
The consortium of 18 participants includes market infrastructure providers, banks, fintechs, and DLT companies. Chainlink, which provides detailed LINK analysis, and UAC Labs will test the central bank money-DLT bridge with oracle technology. Ctrl Alt and Monee will focus on DvP for tokenized government bonds; Tokenovate and Atumly will examine conditional margin payments and digital currency issuance. Giants like Swift and LSEG are also participating. The findings will shape the RTGS synchronization design.
How Does RTGS RT2 DLT DvP/PvP Settlement Work?
DvP (Delivery versus Payment) ensures the simultaneous delivery of the asset and payment; PvP secures the exchange between two currencies. RT2 will integrate smart contract-like mechanisms for atomic settlement. Tools like Chainlink’s CCIP (Cross-Chain Interoperability Protocol) enhance security by bringing off-chain data to the blockchain. This can reduce settlement risk to nearly 100% zero.
LINK Price: Technical Analysis After the News
As of February 10, 2026, LINK price is $8.51, down -%4.60 in the last 24 hours. RSI at 29.24 is in the oversold region, downtrend continues. Pressure above EMA 20: $10.0569. Supertrend is giving a bearish signal. This news could increase LINK demand in the long term, but market volatility dominates in the short term. Watch out for LINK futures.
LINK Support and Resistance Levels Table
| Level | Price | Score | Distance | Sources |
|---|---|---|---|---|
| S1 (Strong Support) | $8.3524 | 79/100 ⭐ | -1.85% | S1, Fibo 0.114, Prev Day Low, RSI OS |
| S2 | $7.1500 | 71/100 ⭐ | -15.98% | Fibo 0.000, Donchian Low |
| R1 (Strong Resistance) | $9.0317 | 72/100 ⭐ | +6.13% | Prev Day High, R2, Fibo 0.214 |
| R2 | $9.6304 | 65/100 ⭐ | +13.17% | Fibo 0.236, Ichimoku Senkou A |
Potential Impacts of the Pilot on LINK and the Market
If the spring 2026 pilot is successful, tokenization standards will change. LINK, as the oracle leader, could premium by +20%. Related coins like ALT will also benefit. Investors should watch the S1 $8.35 support; if broken, a drop to $7.15 is possible. In the long term, BoE approval will accelerate TradFi-DeFi integration. Similar dynamics apply for detailed ALT analysis.
Source: https://en.coinotag.com/boe-synchronisation-lab-token-reconciliation-with-link
