DEPLOYMENT · UK
Polygon joins Bank of England's Digital Pound Lab for cross-border settlement pilots
Blockchain platform Polygon Labs has entered phase two of the BoE's Digital Pound Lab alongside Nobo Finance and Dun & Bradstreet. The project tests near-instant cross-border settlement using a digital sterling testnet, advancing CBDC infrastructure for international payments.
WHY IT MATTERS
UK central bank is operationalising blockchain-based settlement with named vendors. Success here reduces friction for BFSI players to adopt distributed ledger rails; failure surfaces interop and custody challenges early.
Source: Finextra · 2026-08-17