BIS says Project Agorá can settle tokenized cross-border payments in seconds
➤ Project Agorá, developed by the Bank for International Settlements (BIS) with multiple central banks and financial institutions, aims to enable near-instant settlement of tokenized cross-border payments. ➤ The platform utilizes a two-layer blockchain architecture with tokenized central bank reserves and commercial bank deposits, promising to reduce credit and settlement risks and costs for global finance. ➤ Currently in real-value testing, the project seeks to modernize wholesale cross-border payments, addressing the high costs and slow speeds of current international transaction systems.















