The Bank of England has made a significant move towards the adoption of blockchain technology. As per an announcement from Gilbert Verdian, CEO of Quant Network, the bank has invited Quant to conduct a trial within its sandbox environment. This initiative aims to explore treasury automation through atomic cash transfers among multiple banks.
Quant’s Proposal for Treasury Automation
This trial is designed to assist the Bank of England in synchronizing future enhancements to the UK’s real-time payment system (RTGS). The synchronization lab operates as a testing ground that does not involve actual funds or policy decisions.
Nevertheless, this action indicates that the bank is preparing for potential future integrations. The Bank of England recognizes that its current framework is disjointed across various systems and believes that atomic settlement can mitigate associated risks.
Verdian mentioned that Quant Network intends to demonstrate how large corporations utilizing several banks can execute money transfers between these institutions simultaneously.
Thrilled to announce that @quantnetwork has been chosen for @bankofengland’s Synchronisation Lab as part of the RTGS Future Roadmap.
Our use case involves atomic multi-bank treasury operations powered by Quant Flow and PayScript®. All payment legs settle together or not at all,… pic.twitter.com/NjVjFvpJOf
— Gilbert Verdian (@gverdian) February 13, 2026
The existing process requires companies to send payments sequentially; they initiate one transfer, wait for it to clear before sending another. This method often results in one or two payments failing—a situation Verdian refers to as “partial settlement” risk.
In contrast, Verdian asserts that Quant aims to eradicate this partial settlement risk by enabling all transactions across multiple banks in one unified action. Essentially, every transfer will be initiated collectively so they either all succeed or none do.
To realize this vision, Quant plans on utilizing its automation platform which will simulate multiple banks reserving funds and committing all transactions at once. Upon completion, updates will be made accordingly in treasury records.
The objective here is not only reducing operational risks and liquidity requirements but also automating treasury processes while simplifying reconciliation—a significant challenge faced by corporate banking systems like those at the Bank of England.
A Shift from CBDC Towards Infrastructure Modernization
This development aligns with other protocols such as XRP Ledger and underscores Quant Network’s pivotal role in facilitating atomic settlements for multibank treasury operations. Once implemented effectively, it promises quicker payments without disrupting existing market frameworks.
A year ago around this time, Andrew Bailey—the governor of the Bank of England—was investigating different avenues including establishing a central bank digital currency (CBDC) while advocating stringent regulatory standards for stablecoins.
This suggests a strong inclination from the financial institution towards embracing digital assets along with developing infrastructure aimed at enhancing services offered to users.