Original sourceCoinDeskAdditional: Crypto and Coin
Summary
The Bank for International Settlements (BIS)-led Project Agorá completed its first tokenized cross-border payment pilot, with 28 banks including JPMorgan, Citi, UBS, and Deutsche Bank participating. They used tokenized central bank reserves and commercial bank deposits to execute around 30 transact…
Key points
- Financial institutions and regulators can observe how major banks apply tokenized money to improve cross-border payment efficiency and transparency
- Multiple global banks successfully tested tokenized money cross-border payments, proving wholesale-level tokenized settlement has reached practical stage
- Cross-border payments may become faster, cheaper, and transparently traceable, impacting corporate treasury management and international trade settlement in the long term
Editorial note
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