Bank of Korea Completes Tokenized Cross-Border Payment Trial in 80 Seconds
- BOK completed tokenized payments with settlement finalized in an average of 80 seconds.
- Project Agora tested 30 cross-border transactions across 17 scenarios using six currencies.
- BOK validates tokenized reserve transfers and broader payment interoperability.
The Bank of Korea (BOK) has completed a live cross-border payment trial that settled transactions using tokenized central bank reserves and commercial bank deposits, with the full process taking an average of one minute and 20 seconds from payment instruction to final settlement.
The exercise formed part of Project Agora, an international initiative coordinated by the Bank for International Settlements (BIS), and tested how tokenized money can support faster and more transparent cross-border transactions.
According to the central bank, the platform remained stable throughout the trial despite operating inโฆ
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