BIS Agorá prototype shows tokenized reserves and bank deposits can settle cross-border in seconds

BIS and the IIF say Project Agorá successfully tested a shared programmable DLT platform for wholesale cross-border payments with seven central banks and 40+ financial institutions. The prototype combines tokenized central bank reserves with tokenized commercial bank deposits, enabling atomic multi-currency settlement with finality, privacy controls, and compliance checks built into the flow. This is not retail CBDC theater: it is central banks and major banks building a regulated tokenized settlement layer for correspondent banking, with real-value transaction tests next and the Bank of Canada joining the project.

TLDR by @Benthic

More coverage

• BIS Project Agorá prototype keeps central bank money under ... (ledgerinsights.com)
• Project Agorá: exploring tokenisation of wholesale cross-border ... (bis.org)
• a shared programmable platform for wholesale cross-border payments (bis.org)
• BIS and Banks Build Blockchain Cross-Border Payments Prototype (bloomberg.com)
• Bank of Canada joins BIS Project Agorá to test improvements in ... (bankofcanada.ca)

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