BIS Says Project Agorá Completes Real-Value Testing for Tokenized Cross-Border Payments
TL;DR
- Project Agorá settled 800,000 Swiss francs, about $1 million, across 17 real-value scenarios involving 28 financial institutions and central banks in testing.
- The trials used tokenized central bank reserves and commercial bank deposits across six currencies, with average settlement completed in approximately 80 seconds.
- After demonstrating atomic settlement in May, the initiative will continue testing whether its tokenized architecture can eventually support scalable wholesale cross-border payments as testing progresses.
The Bank for International Settlements says Project Agorá has completed real-value testing for tokenized wholesale cross-border payments, moving 800,000 Swiss francs, about $1 million, through 17 transaction scenarios. Twenty-eight financial institutions and central banks participated, settling funds across six major currencies. The experiment moved beyond simulated money and demonstrated that tokenized bank liabilities can support actual international settlement. That distinction matters because prototypes may prove technical logic without exposing participants to genuine value, operational coordination, or the consequences of failed execution across institutions working under different monetary and regulatory systems under real operational conditions.
… Continue reading the full article at the original source below.
