Project Agora real-value testing settles $1 million across 6 currencies with 28 institutions

Bank for International Settlements/Project Agora

Project Agora completed real-value testing, with 28 financial institutions and central banks settling approximately CHF 800,000 ($1 million USD) across 17 transaction scenarios. The tests demonstrated that tokenized commercial bank deposits combined with tokenized central bank reserves can settle payments across multiple currencies atomically, with average settlement time of approximately 80 seconds.

• 28 participating institutions: 5 central banks and 23 financial institutions across Asia, Europe, and North America
• Settled CHF 800,000 across 17 transaction scenarios including corporate payments and interbank transfers
• Transactions completed in approximately 80 seconds on average, from initiation to settlement
• Atomic settlement demonstrated across 6 currencies: CHF, EUR, GBP, JPY, KRW, and USD