BIS Project Agorá shows tokenized payments can settle in seconds

BIS Project Agorá successfully demonstrated tokenized cross-border wholesale payments settling in seconds through blockchain technology. Seven central banks and 40+ institutions completed the two-year prototype, using atomically settled tokenized reserves to reduce credit and settlement risk. Real-value testing begins next, potentially transforming the $195 trillion global payment system operating today. India's banking sector could benefit from faster, cheaper international transactions.
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