![\"BIS](\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/exchange-transfer-conversion-payment-map.jpg\")
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Twenty-eight financial institutions and central banks completed real-value settlements across six currencies using tokenized central bank reserves and commercial bank deposits.<\/p>\n
The Bank for International Settlements (BIS) said Project Agor\u00e1 completed real-value testing of tokenized wholesale cross-border payments, with 28 financial institutions and central banks settling about 800,000 Swiss francs (about $1 million) across 17 transaction scenarios.<\/p>\n
The BIS said<\/a> Thursday that the tests used tokenized central bank reserves and commercial bank deposits to settle payments in Swiss francs, euros, pounds sterling, Japanese yen, South Korean won and US dollars, with an average settlement time of about 80 seconds.<\/p>\n Participants included<\/a> the Bank of England, Bank of France, Bank of Japan, Bank of Korea and the Swiss National Bank, alongside commercial banks including JPMorgan Chase, Citi, Deutsche Bank, BNP Paribas, UBS, Standard Chartered and MUFG.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n