The Project Agorá prototype demonstrates how tokenisation and programmable technologies can address long-standing inefficiencies in wholesale cross-border payments at scale, while preserving the safety and integrity of settlement in central bank reserves.
Primary-source Bank for International Settlements reporting on Payments and Policy and Tokenisation matters for Cross-border payments readers.
BIS General Manager Pablo Hernandez de Cos used an April speech to separate stablecoins' technological promise from questions of singleness, convertibility, and monetary sovereignty.
The speech gives payment teams a central-bank lens for evaluating private stablecoin rails alongside tokenized deposits and public money.
The Project Agorá prototype demonstrates how tokenisation and programmable technologies can address long-standing inefficiencies in wholesale cross-border payments at scale, while preserving the safety and integrity of settlement in central bank reserves.
Primary-source Bank for International Settlements reporting on Payments and Tokenisation matters for Cross-border payments readers.