BIS Project Agorá: Tokenized Reserves Could Cut Cross-Border Settlement to Seconds
A BIS-led initiative involving over 40 financial institutions found that tokenizing central bank reserves and deposits can drastically reduce settlement times and costs for wholesale cross-border payments. The project, named Agorá, demonstrated that such tokenized payments can settle in seconds, potentially transforming the global payments landscape.
BIS Project Agorá shows tokenized payments can settle in seconds
BIS says tokenization can improve wholesale cross-border payments
BIS says tokenization can improve wholesale cross-border payments https://t.co/JVLP5kYPpd
LATEST: 🏦 A BIS-led project with 40+ financial institutions found tokenized central bank reserves and deposits could significantly cut settlement times and costs in cross-border payments. https://t.co/wKJtmuKaKW
LATEST: 🏦 A BIS-led project with 40+ financial institutions found tokenized central bank reserves and deposits could significantly cut settlement times and costs in cross-border payments.
RT @DangaWrites: BIS's Project Agorá prototype demonstrated the possibility of atomic settlement across multiple currencies and jurisdictio…