{"id":110119,"date":"2026-07-30T17:56:36","date_gmt":"2026-07-30T17:56:36","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/110119\/"},"modified":"2026-07-30T17:56:36","modified_gmt":"2026-07-30T17:56:36","slug":"jpmorgan-citi-ubs-test-tokenized-cross-border-payments-in-bis-pilot","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/110119\/","title":{"rendered":"JPMorgan, Citi, UBS test tokenized cross-border payments in BIS pilot"},"content":{"rendered":"<p>Some of the world&#8217;s biggest banks have completed real cross-border payments using tokenized money in a <a href=\"https:\/\/www.bis.org\/about\/bisih\/topics\/fmis\/agora\/rvt.htm\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">test<\/a> led by the Bank for International Settlements (BIS), another sign that tokenization is moving into the plumbing of global finance.<\/p>\n<p>Project Agor\u00e1, which brings together five central banks and 28 commercial lenders including JPMorgan, Citi, UBS, Deutsche Bank and Standard Chartered, processed roughly $1 million (CHF 800,000) in real-value transactions across six currencies \u2014 the U.S. dollar, euro, British pound, Japanese yen, Swiss franc and South Korean won.<\/p>\n<p>The pilot used tokenized central bank reserves and commercial bank deposits to settle corporate, interbank payments perand foreign exchange settlements. The payments settled in an average of about 80 seconds, even though the prototype was not directly integrated with banks&#8217; existing payment infrastructure, the BIS report said.<\/p>\n<p><img alt=\"(BIS Project Agor\u00e1)\" loading=\"lazy\" width=\"1738\" height=\"1096\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-md\" style=\"color:transparent;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url(&quot;data:image\/png;base64,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&quot;)\"  src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/07\/1785434196_674_image.png\"\/>Project Agora real-value testing setup (BIS\/Project Agor\u00e1)<\/p>\n<p>The project fits into a broader shift as stablecoins and tokenized assets gain traction across global finance. Asset managers have begun issuing tokenized money market and private credit funds, while stablecoins are increasingly being used for cross-border payments and corporate treasury operations.<\/p>\n<p>A new model for cross-border payments<\/p>\n<p>Project Agor\u00e1 explores whether the same technology can modernize the infrastructure banks use to move money internationally.<\/p>\n","protected":false},"excerpt":{"rendered":"Some of the world&#8217;s biggest banks have completed real cross-border payments using tokenized money in a test led&hellip;\n","protected":false},"author":2,"featured_media":110120,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[14172,11610,223],"class_list":["post-110119","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-jpmorgan","tag-tokenization","tag-ubs"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117010221272440512","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/110119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=110119"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/110119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/110120"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=110119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=110119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=110119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}