Lloyds Banking Group and Caixabank complete tokenised deposit transactions through Project Agorá
What's happening
Lloyds Banking Group has completed three live tokenised deposit transactions as part of Project Agorá, a BIS-led tokenisation initiative moving into real-value testing for wholesale cross-border payments. Project Agorá's real-value testing processed roughly $1 million in live tokenised cross-border payments and showed average end-to-end settlement times of about 80 seconds from initiation to settlement. The tests demonstrate tokenised commercial bank deposits can support near-instant wholesale cross-border settlement and enable atomic delivery-versus-payment when combined with digital asset infrastructure.
Why it's trending
Because Project Agorá just moved from pilots to real-value testing, producing measurable results (three Lloyds transactions, about $1 million processed, 80-second settlement times).
SignalNewly emerging, confirmed across 1 independent source type.
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If your bank still plans for cross-border settlement in days, Project Agorá just lowered expectations to 80 seconds and live-tested Lloyds tokenised deposits today, plan for real-time wholesale rails now or lose margin and relevance tomorrow.
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Original sources5
- Project Agorá Cuts Cross-Border Payment Times to 80 Seconds
Real-value testing (RVT) of tokenization of wholesale cross-border payments demonstrated an average time from payment initiation to settlement of about 80 seconds, according to a report by the Bank for International Settlements (BIS). Project Agorá, a public-private collaboration exploring tokenization of wholesale cross-border payments, conducted the RVT in a controlled environment in July, the B
PYMNTSJul 31 - BIS Completes $1 Million Test of Tokenized Cross-Border Payments
Tokenized deposits promise many of the efficiency benefits of stablecoins while operating within a regulated banking framework. That concept has now been tested at scale in Project Agorá, which recently processed $1 million in live tokenized cross-border payments—one of the broadest real-world demonstrations of the technology to date. The project is led by the Bank […] The post BIS Completes
PaymentsJournalJul 31 - Lloyds’ tokenised deposits pass first real test
Project Agorá has entered live testing to assess how tokenised deposits perform in wholesale cross‑border payments. Lloyds Banking Group has completed three live tokenised deposit transactions as Project Agorá moves well into its real‑value testing phase. Project Agorá is a global initiative led by the Bank for International Settlements (BIS) and the Institute of International […]
Payment ExpertJul 31
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