BIS Project Agorá Prototype Shows Tokenized Cross-Border Payments Settle in Seconds
By
@cointelegraph
2d ago· 3 min readenNews
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Summary
The Bank for International Settlements (BIS) released a report on Project Agorá, an experimental prototype for cross-border wholesale payments. The project, involving seven central banks and over 40 regulated financial institutions, demonstrates how tokenized central bank reserves and commercial bank deposits can enable atomic settlement of cross-border payments in seconds, significantly reducing credit and settlement risk. The initiative represents one of the broadest collaborations between central banks and private lenders exploring tokenization, and is now moving to live testing.
Key quotes
· 2 pulledThe BIS said the report shows how seven central banks and more than 40 regulated financial institutions can settle cross-border wholesale payments in seconds once liquidity is locked
The initiative marks one of the broadest collaborations yet between central banks and private lenders, exploring how tokenization
BIS two-year project with seven central banks and 40+ institutions delivers prototype settling cross-border payments in seconds, and is now moving to live testing.