In a press release on May 27, 2026, the Bank of Canada announced it is joining the Bank for International Settlements’ Project Agorá, an initiative that explores how tokenization could improve wholesale cross‑border payments. The project has tested a multi‑currency unified ledger that enables atomic settlement of cross‑border wholesale transactions, combining tokenized commercial bank deposits with wholesale central‑bank money on a programmable platform. The goal is to increase speed, efficiency, transparency and accessibility of international payments. Testing will continue, and the team will examine how an Agorá‑type platform could operate within existing legal and regulatory frameworks, including settlement‑finality rules and anti‑money‑laundering and counter‑terrorism‑financing laws. The global effort involves seven other central banks and more than 40 private‑sector financial institutions, reflecting the Bank of Canada’s research focus on payments innovation.
© Bank of Canada, 2019‑ – Source: https://www.bankofcanada.ca .
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