CoinTelegraph
The Bank for International Settlements and a consortium of partner central and commercial banks are moving Project Agorá into live testing, executing real-value cross-border transactions on a blockchain prototype for the first time. The shift from simulation to live settlement marks a significant milestone for the multi-year initiative, which aims to rewire the fragmented correspondent banking rails that currently underpin trillions of dollars in international payments.
Project Agorá brings together seven central banks — including the Federal Reserve Bank of New York, the Bank of England, the Bank of Japan, and the Bank of France — alongside more than 40 private financial institutions.
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