May 28
BIS tokenization moves to real value payments
Project Agora cleared atomic settlement testing across 7 central banks. BIS tokenization heads next to real-value cross-border trials.
➤ Project Agora, a collaboration involving BIS and seven central banks, has successfully completed atomic settlement testing for tokenized cross-border payments. ➤ The next phase will involve real-value cross-border payment trials, aiming to make these transactions faster, cheaper, and more efficient while preserving existing financial infrastructure like correspondent banking and SWIFT. ➤ This initiative aligns with broader industry trends towards tokenization, with potential implications for global payment systems and institutional adoption.
