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BIS Project Agorá completes real-value testing with 28 institutions, including five Korean banks settling KRW alongside the Bank of Korea

Read the item · published 2026-07-30

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-10-31 20:44 UTC
Archived snapshot
SHA-256 1d6214659801a01c11f07eb605b7b72cf9f22ab13fc20d318e87a066d5c4da05 · fetched 2026-10-30
Saved excerpt around the quote (source text, 2026-10-30)
… of the prototype by validating real-value payments between participating institutions under realistic operating conditions. The testing framework covered operational, technical, governance and legal aspects. Project Agorá conducted RVT in July 2026. Twenty-eight financial institutions and central banks across Asia, Europe and North America completed transactions in a selection of currencies totalling approximately CHF 800,000. The programme covered 17 transaction scenarios, with values ranging from CHF 9,000 to CHF 125,000 or local currency equivalents. RVT marked an important milestone for Project Agorá, demonstrating the feasibility of settling real-value transactions o …
Change log (1)
  1. 2026-10-30 Published

Verified quotes

  • “Twenty-eight financial institutions and central banks across Asia, Europe and North America completed transactions in a selection of currencies totalling approximately CHF 800,000.”
  • “Project Agorá conducted RVT in July 2026.”
  • “Testing central banks Bank of England, Bank of France (for the Eurosystem), Bank of Japan, Bank of Korea, Swiss National Bank”
  • “Hana Bank JPMorgan Chase Bank N.A. KB Kookmin Bank Lloyds Banking Group Mizuho Bank MUFG Bank Ltd NatWest Group NongHyup Bank PostFinance Ltd Shinhan Bank Standard Chartered Sumitomo Mitsui Banking Corporation TD Bank N.A. UBS Woori Bank”
  • “Transaction value by currency: EUR 29,000 JPY 86 million KRW 120 million”
  • “Despite the prototype not being integrated with existing real-time gross settlement (RTGS) and core banking systems, the average time from payment initiation to settlement was approximately 80 seconds.”
  • “As Project Agorá progresses, testing will continue.”

String-matched against https://www.bis.org/project/agora by our verifier before every deploy.

AI-drafted from the primary source; quote string-matched against the live source page · AI-assisted