Skip to Main Content

Bank of England’s Synchronisation Lab

PEXA has been selected to participate in the Bank of England’s 2026 Synchronisation Lab to demonstrate atomic settlement (Delivery Versus Payment) for property transactions.

What PEXA does

We provide trusted digital infrastructure that helps lenders and conveyancers complete with greater certainty, security and confidence, by supporting the secure movement of funds and the lodgement of title within a regulated digital workflow.

Our use case in the Synchronisation Lab

In the Synchronisation Lab, PEXA’s use case focuses on how synchronisation capabilities could support stronger coordination between:
 

The reservation and release of lender funds

Title lodgement steps within a property transaction flow
 

The aim is to test how these steps could be aligned more closely, so that completion processes can be delivered with greater certainty and reduced operational risk.

What we expect to demonstrate

Using an existing remortgage or sale & purchase flow, PEXA expect to demonstrate over a six-month period:

  • The successful Reservation / Releasing / Cancellation of an earmark placed against Lender funds held in their respective settlement accounts in the renewed RTGS. 
  • The successful lodgement of title with HMLR, and the potential demonstration of rollback.
  • Atomic completion, where Lender funds held in RT2 are released only when title lodgement is assured


In a successful Lab demonstration, this will show how synchronisation can eliminate property settlement risk using existing market infrastructure.

Who this is relevant for

This work is relevant to organisations involved in property transactions and settlement flows, including lenders, conveyancers and ecosystem partners interested in supporting a safer, more predictable completion process.

Contact

If you would like to learn more about PEXA’s proposition, share feedback, or discuss how you could support the design and delivery of future capabilities, please get in touch.

  • PEXA logo
  • FSQS registered logo
  • Payments Association logo
  • Open Property Data Association logo
  • The Conveyancing Association logo
  • UK Finance logo

Digital Completion UK Ltd (trading as PEXA) is authorised and regulated by the Financial Conduct Authority (FCA) under the Financial Services and Markets Act 2000 with Financial Services Register Number 1013734. PEXA is authorised by the FCA as a payment institution to provide payment services.  PEXA is also registered with HM Revenue & Customs as a Money Service Business for supervision under the Money Laundering Regulations, with registration number XMML00000199000.

Registered Office: Suite 5a, West Village, 114 Wellington Street, Leeds, LS1 1BA.
Registered in England and Wales. Company No. 12830944.
VAT Registration Number: GB 455 8225 75

Operating Hours are 8am to 6pm Mon to Fri (excluding Bank Holidays)

Our website uses cookies to make your browsing experience better. By using our site you agree to our use of cookies. Learn more.