CoinWorld reports that the BIS-led Agorá project has found that tokenization can alleviate pain points such as slow settlement and high reconciliation costs in cross-border payments. The conclusion suggests that tokenization of central bank reserves and commercial bank deposits can enable atomic settlement across currencies and jurisdictions—that is, all or nothing—reducing the risk of one party failing while the other succeeds. Participants include the Federal Reserve Bank of New York, the Bank of England, the Bank of Japan, the Swiss National Bank, and several large banks, with plans to shift from simulation to real transaction testing. This week, the Bank of Canada joined the project.

CoinNetwork

2026-05-27 15:49:26

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Crypto World News reports that the project Agorá, led by the Bank for International Settlements (BIS), has found that tokenization can address some major pain points in cross-border payments, including slow settlement times and high reconciliation costs between banks. The project is a joint effort between BIS, seven central banks, and over 40 private financial institutions, concluding that tokenized central bank reserves and commercial bank deposits can support cross-currency and cross-jurisdiction atomic settlement. Atomic settlement refers to transactions being completed on an "all-or-nothing" basis, reducing the risk of one side failing while the other succeeds in cross-border payments. Central banks involved in the project include the Federal Reserve Bank of New York, the Bank of England, the Bank of Japan, and the Swiss National Bank, along with major commercial banks and financial firms. The project participants plan to go beyond simulations and test real value transactions involving some currencies and institutions. This week, the Bank of Canada also joined the project.

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BridgeHopster

· 2h ago

It took so long to simulate and finally switch to real, regulatory compliance probably made them lose quite a few hairs.

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0xSecondThought

· 11h ago

Commercial bank deposit tokenization, is the ultimate form of stablecoins here?

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PanicSellPaul

· 11h ago

Led by BIS + central banks of five countries, this lineup is more hardcore than any DeFi protocol

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SushiBackrunner

· 11h ago

Atomic settlement sounds mysterious, but in reality it’s either all succeed or all fail—ending the reconciliation nightmare.

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Stop-LossLineForTheEveningGlow

· 11h ago

The central bank stepping in to do tokenization, this signal is clear enough.

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Bank for International Settlements: Tokenization Can Accelerate Cross-Border Payments

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