Project Agorá advances the case for tokenised settlement

The BIS and Institute of International Finance report that Project Agorá demonstrated the potential for atomic settlement using tokenised central bank reserves and commercial bank deposits. The project intends to advance toward real-value testing. Its findings also identify further technical, operational, and contractual work, distinguishing a prototype from a broadly available commercial service.

Perspective

Settlement innovation depends on legal finality and operational coordination as much as software. Prototype results do not establish universal production availability.