Polygon Labs has joined Nobo Finance and Dun & Bradstreet in the second phase of the Bank of England’s Digital Pound Lab, exploring how stablecoins and a digital pound could work together to streamline cross-border payments.
The consortium will test a payment flow in which an exporter pays in stablecoins while an importer settles in a digital pound, with both transactions coordinated through a single orchestration layer.
Polygon is providing the stablecoin settlement infrastructure and smart contract technology through the Open Money Stack, while the digital pound leg will run on the Bank of England’s simulated test rails.
Nobo Finance is leading the use case around portable credit identities for small businesses, with Dun & Bradstreet contributing verified business identity and credit data.
Marc Boiron, CEO of Polygon Labs, said the experiment will test how different forms of digital money, including central bank money and stablecoins, can work together to support global trade.
