Seven central banks show tokenised money works across borders.
BIS-led Project Agorá found that tokenised reserves and bank deposits enable secure, all-or-nothing cross-border settlement. Over 40 banks took part, and the Bank of Canada has now joined.

Project Agorá, convened by the BIS and the Institute of International Finance, published a report on its prototype, involving the Bank of England, the Federal Reserve Bank of New York, the Bank of France, the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank and over 40 private financial institutions. Findings include atomic "all-or-nothing" settlement across currencies and jurisdictions, a layered architecture preserving central bank autonomy, privacy protection at balance and transaction levels, and legal confirmation of settlement finality across all seven jurisdictions. The Bank of Canada has joined, with further private-sector participation anticipated.

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