May 28
BIS: Project Agorá Prototype Verification of Tokenized Cross-Border Wholesale Payment Atomic Settlement Feasibility
According to The Block, the Bank for International Settlements (BIS) announced that its Project Agor
➤ The BIS's Project Agorá prototype successfully demonstrated atomic settlement for cross-border wholesale payments using tokenized central bank reserves and commercial bank deposits. ➤ The project achieved 'all or nothing' transaction execution across multiple currencies and jurisdictions, ensuring legal finality and privacy within a compliant framework. ➤ With participation from seven central banks and over 40 private institutions, the project will now move to real value testing, expanding private sector involvement.
