BUSINESSTHE BLOCK
BIS says tokenization can improve wholesale cross-border payments
The Bank for International Settlements (BIS) reported that tokenization can enhance wholesale cross-border payments through atomic settlement across multiple jurisdictions. Project Agorá, led by BIS, demonstrated the potential of tokenization to improve efficiency in cross-border transactions.
Mentioned
Related Signal
Adjacent reporting
- BIS project finds tokenization could make cross-border payments faster, safer
- Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger
- BoE deputy says tokenization could cut costs, boost competition
- BIS Project Agorá shows tokenized payments can settle in seconds
- Ondo, JPMorgan, Mastercard and Ripple Team to Settle Tokenized Treasuries on XRP Ledger
- South Korea's KBank and Ripple are teaming up to fix international money transfers