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BIS Project Agorá Prototype Verifies Cross-Border Wholesale Payment Atomic Settlement With 7 Central Banks

GateNews

2026-05-28 10:35:41

According to The Block, the Bank for International Settlements (BIS) Project Agorá prototype has verified the feasibility of atomic settlement for cross-border wholesale transactions across multiple currencies and jurisdictions. Seven central banks participated in the proof-of-concept, including the U.S. Federal Reserve Bank of New York, Bank of England, Banque de France, Bank of Japan, Bank of Korea, Banco de México, and Swiss National Bank, along with over 40 private financial institutions. Settlement finality and privacy protections have been confirmed across all participating jurisdictions. Canada's central bank will join as the eighth member in the next phase, with the project advancing to live value testing and expanded private sector participation.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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