diff --git a/lib/core/Cargo.toml b/lib/core/Cargo.toml
index 475953357..1110009ef 100644
--- a/lib/core/Cargo.toml
+++ b/lib/core/Cargo.toml
@@ -58,7 +58,6 @@ semver = "1.0.23"
 lazy_static = "1.5.0"
 
 [dev-dependencies]
-lazy_static = "1.5.0"
 paste = "1.0.15"
 tempdir = "0.3.7"
 uuid = { version = "1.8.0", features = ["v4"] }
diff --git a/lib/core/src/persist/sync.rs b/lib/core/src/persist/sync.rs
index 956a9c162..72a9d1724 100644
--- a/lib/core/src/persist/sync.rs
+++ b/lib/core/src/persist/sync.rs
@@ -3,9 +3,13 @@ use std::collections::HashMap;
 use anyhow::Result;
 use rusqlite::{named_params, Connection, OptionalExtension, Row, Statement, TransactionBehavior};
 
-use super::Persister;
+use super::{PaymentState, Persister};
 use crate::{
-    sync::model::{sync::Record, RecordType, SyncOutgoingChanges, SyncSettings, SyncState},
+    sync::model::{
+        data::{ChainSyncData, ReceiveSyncData, SendSyncData},
+        sync::Record,
+        RecordType, SyncOutgoingChanges, SyncSettings, SyncState,
+    },
     utils,
 };
 
diff --git a/lib/core/src/sync/mod.rs b/lib/core/src/sync/mod.rs
index fafc8d037..7366ac93f 100644
--- a/lib/core/src/sync/mod.rs
+++ b/lib/core/src/sync/mod.rs
@@ -1,3 +1,4 @@
+use std::collections::HashMap;
 use std::sync::Arc;
 
 use anyhow::{anyhow, Result};
@@ -5,6 +6,14 @@ use anyhow::{anyhow, Result};
 use crate::{persist::Persister, prelude::Signer};
 
 use self::client::SyncerClient;
+use self::model::sync::Record;
+use self::model::DecryptedRecord;
+use self::model::{
+    data::{ChainSyncData, ReceiveSyncData, SendSyncData, SyncData},
+    sync::ListChangesRequest,
+    RecordType, SyncState,
+};
+
 pub(crate) mod client;
 pub(crate) mod model;
 
@@ -30,4 +39,176 @@ impl SyncService {
         }
     }
 
+    fn commit_record(
+        &self,
+        decrypted_record: &DecryptedRecord,
+        sync_state: SyncState,
+        is_update: bool,
+        last_commit_time: Option<u32>,
+    ) -> Result<()> {
+        match decrypted_record.data.clone() {
+            SyncData::Chain(chain_data) => self.persister.commit_incoming_chain_swap(
+                &chain_data,
+                sync_state,
+                is_update,
+                last_commit_time,
+            )?,
+            SyncData::Send(send_data) => self.persister.commit_incoming_send_swap(
+                &send_data,
+                sync_state,
+                is_update,
+                last_commit_time,
+            )?,
+            SyncData::Receive(receive_data) => self.persister.commit_incoming_receive_swap(
+                &receive_data,
+                sync_state,
+                is_update,
+                last_commit_time,
+            )?,
+        }
+        Ok(())
+    }
+
+    fn load_sync_data(&self, data_id: &str, record_type: RecordType) -> Result<SyncData> {
+        let data = match record_type {
+            RecordType::Receive => {
+                let receive_data: ReceiveSyncData = self
+                    .persister
+                    .fetch_receive_swap_by_id(data_id)?
+                    .ok_or(anyhow!("Could not find Receive swap {data_id}"))?
+                    .into();
+                SyncData::Receive(receive_data)
+            }
+            RecordType::Send => {
+                let send_data: SendSyncData = self
+                    .persister
+                    .fetch_send_swap_by_id(data_id)?
+                    .ok_or(anyhow!("Could not find Send swap {data_id}"))?
+                    .into();
+                SyncData::Send(send_data)
+            }
+            RecordType::Chain => {
+                let chain_data: ChainSyncData = self
+                    .persister
+                    .fetch_chain_swap_by_id(data_id)?
+                    .ok_or(anyhow!("Could not find Chain swap {data_id}"))?
+                    .into();
+                SyncData::Chain(chain_data)
+            }
+        };
+        Ok(data)
+    }
+
+    async fn fetch_and_save_records(&self) -> Result<()> {
+        log::info!("Initiating record pull");
+
+        let local_latest_revision = self
+            .persister
+            .get_sync_settings()?
+            .latest_revision
+            .unwrap_or(0);
+        let req = ListChangesRequest::new(local_latest_revision, self.signer.clone())?;
+        let incoming_records = self.client.pull(req).await?.changes;
+
+        self.persister.set_incoming_records(&incoming_records)?;
+        let remote_latest_revision = incoming_records.last().map(|record| record.revision);
+        if let Some(latest_revision) = remote_latest_revision {
+            self.persister.set_sync_settings(HashMap::from([(
+                "latest_revision",
+                latest_revision.to_string(),
+            )]))?;
+            log::info!(
+                "Successfully pulled and persisted records. New latest revision: {latest_revision}"
+            );
+        } else {
+            log::info!("No new records found. Local latest revision: {local_latest_revision}");
+        }
+
+        Ok(())
+    }
+
+    async fn handle_pull(&self, new_record: Record) -> Result<()> {
+        log::info!("Handling pull for record record_id {}", &new_record.id);
+
+        // Step 3: Check whether or not record is applicable (from its schema_version)
+        if !new_record.is_applicable()? {
+            return Err(anyhow!("Record is not applicable: schema_version too high"));
+        }
+
+        // Step 4: Check whether we already have this record, and if the revision is newer
+        let maybe_sync_state = self.persister.get_sync_state_by_record_id(&new_record.id)?;
+        if let Some(sync_state) = &maybe_sync_state {
+            if sync_state.record_revision >= new_record.revision {
+                log::info!("Remote record revision is lower or equal to the persisted one. Skipping update.");
+                return Ok(());
+            }
+        }
+
+        // Step 5: Decrypt the incoming record
+        let mut decrypted_record = new_record.decrypt(self.signer.clone())?;
+
+        // Step 6: Merge with outgoing records, if present
+        let maybe_outgoing_changes = self
+            .persister
+            .get_sync_outgoing_changes_by_id(&decrypted_record.id)?;
+
+        if let Some(outgoing_changes) = &maybe_outgoing_changes {
+            if let Some(updated_fields) = &outgoing_changes.updated_fields {
+                let local_data =
+                    self.load_sync_data(decrypted_record.data.id(), outgoing_changes.record_type)?;
+                decrypted_record.data.merge(&local_data, updated_fields)?;
+            }
+        }
+
+        // Step 7: Apply the changes and update sync state
+        let new_sync_state = SyncState {
+            data_id: decrypted_record.data.id().to_string(),
+            record_id: decrypted_record.id.clone(),
+            record_revision: decrypted_record.revision,
+            is_local: maybe_sync_state
+                .as_ref()
+                .map(|state| state.is_local)
+                .unwrap_or(false),
+        };
+        let is_update = maybe_sync_state.is_some();
+        let last_commit_time = maybe_outgoing_changes.map(|details| details.commit_time);
+        self.commit_record(
+            &decrypted_record,
+            new_sync_state,
+            is_update,
+            last_commit_time,
+        )?;
+
+        log::info!(
+            "Successfully pulled record record_id {}",
+            &decrypted_record.id
+        );
+
+        Ok(())
+    }
+
+    async fn pull(&self) -> Result<()> {
+        // Step 1: Fetch and save incoming records from remote, then update local tip
+        self.fetch_and_save_records().await?;
+
+        // Step 2: Grab all pending incoming records from the database, merge them with
+        // outgoing if necessary, then apply
+        let mut succeded = vec![];
+        let incoming_records = self.persister.get_incoming_records()?;
+        for new_record in incoming_records {
+            let record_id = new_record.id.clone();
+            if let Err(err) = self.handle_pull(new_record).await {
+                log::debug!("Could not handle incoming record {record_id}: {err:?}");
+                continue;
+            }
+            succeded.push(record_id);
+        }
+
+        if !succeded.is_empty() {
+            self.persister.remove_incoming_records(succeded)?;
+        }
+
+        Ok(())
+    }
+}
 }
diff --git a/lib/core/src/sync/model/data.rs b/lib/core/src/sync/model/data.rs
index 1c09030fd..e80881e90 100644
--- a/lib/core/src/sync/model/data.rs
+++ b/lib/core/src/sync/model/data.rs
@@ -20,6 +20,17 @@ pub(crate) struct ChainSyncData {
     pub(crate) description: Option<String>,
 }
 
+impl ChainSyncData {
+    pub(crate) fn merge(&mut self, other: &Self, updated_fields: &[String]) {
+        for field in updated_fields {
+            match field.as_str() {
+                "accept_zero_conf" => self.accept_zero_conf = other.accept_zero_conf,
+                _ => continue,
+            }
+        }
+    }
+}
+
 impl From<ChainSwap> for ChainSyncData {
     fn from(value: ChainSwap) -> Self {
         Self {
@@ -55,6 +66,17 @@ pub(crate) struct SendSyncData {
     pub(crate) description: Option<String>,
 }
 
+impl SendSyncData {
+    pub(crate) fn merge(&mut self, other: &Self, updated_fields: &[String]) {
+        for field in updated_fields {
+            match field.as_str() {
+                "preimage" => clone_if_set(&mut self.preimage, &other.preimage),
+                _ => continue,
+            }
+        }
+    }
+}
+
 impl From<SendSwap> for SendSyncData {
     fn from(value: SendSwap) -> Self {
         Self {
@@ -127,4 +149,26 @@ impl SyncData {
     pub(crate) fn to_bytes(&self) -> serde_json::Result<Vec<u8>> {
         serde_json::to_vec(self)
     }
+
+    pub(crate) fn merge(&mut self, other: &Self, updated_fields: &[String]) -> anyhow::Result<()> {
+        match (self, other) {
+            (SyncData::Chain(ref mut base), SyncData::Chain(other)) => {
+                base.merge(other, updated_fields)
+            }
+            (SyncData::Send(ref mut base), SyncData::Send(other)) => {
+                base.merge(other, updated_fields)
+            }
+            (SyncData::Receive(ref mut _base), SyncData::Receive(_other)) => {
+                log::warn!("Attempting to merge for unnecessary type SyncData::Receive");
+            }
+            _ => return Err(anyhow::anyhow!("Cannot merge data from two separate types")),
+        };
+        Ok(())
+    }
+}
+
+fn clone_if_set<T: Clone>(s: &mut Option<T>, other: &Option<T>) {
+    if other.is_some() {
+        s.clone_from(other)
+    }
 }
diff --git a/lib/core/src/sync/model/mod.rs b/lib/core/src/sync/model/mod.rs
index 18a6e90ad..98e460bce 100644
--- a/lib/core/src/sync/model/mod.rs
+++ b/lib/core/src/sync/model/mod.rs
@@ -1,13 +1,25 @@
+use std::sync::Arc;
+
+use self::{data::SyncData, sync::Record};
+use crate::prelude::Signer;
+use anyhow::Result;
+use lazy_static::lazy_static;
+use lwk_wollet::hashes::hex::DisplayHex;
+use openssl::sha::sha256;
 use rusqlite::{
     types::{FromSql, FromSqlError, FromSqlResult, ToSqlOutput, ValueRef},
     ToSql,
 };
+use semver::Version;
 
 pub(crate) mod client;
 pub(crate) mod data;
 pub(crate) mod sync;
 
 const MESSAGE_PREFIX: &[u8; 13] = b"realtimesync:";
+lazy_static! {
+    static ref CURRENT_SCHEMA_VERSION: Version = Version::parse("0.0.1").unwrap();
+}
 
 #[derive(Copy, Clone)]
 pub(crate) enum RecordType {
@@ -55,3 +67,72 @@ pub(crate) struct SyncOutgoingChanges {
     pub(crate) commit_time: u32,
     pub(crate) updated_fields: Option<Vec<String>>,
 }
+
+pub(crate) struct DecryptedRecord {
+    pub(crate) revision: u64,
+    pub(crate) id: String,
+    #[allow(dead_code)]
+    pub(crate) schema_version: String,
+    pub(crate) data: SyncData,
+}
+
+impl Record {
+    pub(crate) fn new(
+        data: SyncData,
+        revision: u64,
+        signer: Arc<Box<dyn Signer>>,
+    ) -> Result<Self, anyhow::Error> {
+        let id = Self::get_id_from_sync_data(&data);
+        let data = data.to_bytes()?;
+        let data = signer
+            .ecies_encrypt(&data)
+            .map_err(|err| anyhow::anyhow!("Could not encrypt sync data: {err:?}"))?;
+        let schema_version = CURRENT_SCHEMA_VERSION.to_string();
+        Ok(Self {
+            id,
+            revision,
+            schema_version,
+            data,
+        })
+    }
+
+    fn id(prefix: String, data_id: &str) -> String {
+        sha256((prefix + ":" + data_id).as_bytes()).to_lower_hex_string()
+    }
+
+    pub(crate) fn get_id_from_sync_data(data: &SyncData) -> String {
+        let prefix = match data {
+            SyncData::Chain(_) => "chain-swap",
+            SyncData::Send(_) => "send-swap",
+            SyncData::Receive(_) => "receive-swap",
+        }
+        .to_string();
+        Self::id(prefix, data.id())
+    }
+
+    pub(crate) fn get_id_from_record_type(record_type: RecordType, data_id: &str) -> String {
+        let prefix = match record_type {
+            RecordType::Chain => "chain-swap",
+            RecordType::Send => "send-swap",
+            RecordType::Receive => "receive-swap",
+        }
+        .to_string();
+        Self::id(prefix, data_id)
+    }
+
+    pub(crate) fn is_applicable(&self) -> Result<bool> {
+        let record_version = Version::parse(&self.schema_version)?;
+        Ok(CURRENT_SCHEMA_VERSION.major >= record_version.major)
+    }
+
+    pub(crate) fn decrypt(self, signer: Arc<Box<dyn Signer>>) -> Result<DecryptedRecord> {
+        let dec_data = signer.ecies_decrypt(self.data.as_slice())?;
+        let data = serde_json::from_slice(&dec_data)?;
+        Ok(DecryptedRecord {
+            id: self.id,
+            revision: self.revision,
+            schema_version: self.schema_version,
+            data,
+        })
+    }
+}