Project Agorá by Bank for International Settlements (BIS)

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Project Agorá, launched by the Bank for International Settlements (BIS), a group of leading central banks and the Institute of International Finance (IIF), is inviting the private sector to join its exploration of how tokenisation can enhance the functioning of wholesale cross-border payments.

Project Agorá is a joint public-private initiative of the BIS, Banque de France (representing the Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England, the Federal Reserve Bank of New York and the IIF as the private sector convener. 

The main goal of the project is to explore improving the speed and integrity of cross-border payments within the two-tiered banking system, as well as the functions of commercial bank money (deposits) and central bank money (reserves with central banks) for wholesale transactions. 

About BIS:

Established in 1930, the BIS is owned by 63 central banks, representing countries from around the world that together account for about 95% of world GDP. Its head office is in Basel, Switzerland and it has two representative offices: in Hong Kong SAR and in Mexico City, as well as Innovation Hub Centres around the world.

BIS offers financial services Mainly to Central Banks like BIS money market instrumentsBIS money market instruments, BIS tradable instruments, Foreign exchange and gold services, Asset management services etc., 

The Bank for International Settlements (BIS)

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