BIS confirms tokenizing central bank reserves accelerates cross-border payments
The Bank for International Settlements (BIS) has confirmed that tokenizing central bank reserves can enhance cross-border payments. Project Agorá, which involves seven central banks and over 40 financial institutions, aims to streamline the process of international money transfers. The initiative is set to move from prototype to real-value testing, potentially transforming how money moves globally.
- ▪Project Agorá unites seven central banks and over 40 financial institutions to improve cross-border payments.
- ▪The prototype integrates messaging, reconciliation, and settlement into a single process on a shared ledger.
- ▪Real-value testing of tokenized central bank money and deposits will be the next phase of the project.
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BIS confirms tokenizing central bank reserves accelerates cross-border payments Project Agorá unites seven central banks and over 40 financial institutions to prove that tokenized reserves can overhaul how money moves across borders. Share Add us on Google by Editorial Team May. 27, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Sending money across borders in 2026 still feels like faxing a document.
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