The progress report details how cross-border commercial bank deposits and tokenized central bank reserves are being tested.
Officials said participating central banks aim to reduce friction in correspondent banking through common ledger standards.
In addition, the update describes technical milestones without committing to production deployment dates.
The BIS Innovation Hub published a progress report on Project Agora’s shared distributed ledger trials. No further schedule changes were announced.
According to available records, tests cover tokenized central bank reserves and cross-border commercial bank deposit settlement.
Named entities in source reporting include Bank for International Settlements, Project Agora.
Available filings identify the parties and venues involved without additional unsourced claims.
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Sources:
https://bpi.com/bpinsights-may-30-2026/bis-project-agora-update