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, the BIS-led tokenisation initiative moving into real-value testing for wholesale cross-border payments. Project Agorá processed about $1 million in live tokenised cross-border payments in this phase, demonstrating tokenised commercial bank deposits can support instant or atomic delivery-versus-payment settlement across connected networks. Related tests by OpenAssets and Partior also demonstrated settlement of digital assets and stablecoins using tokenised commercial bank deposits, showing atomic delivery-versus-payment across their linked infrastructures.
Why it's trending
Because Project Agorá and partner tests just moved from lab proofs into multiple live transactions, demonstrating real-value cross-border settlement with tokenised deposits now works in practice.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
Everyone says crypto killed settlement frictions, but Lloyds and Project Agorá just proved banks can do the same thing without stablecoins, and faster than you think.
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Original sources4
- 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 - Lloyds Banking Group and Caixabank complete tokenised deposit transactions through Project Agorá
Lloyds Banking Group has completed three live tokenised deposit transactions through tokenisation initiative Project Agorá.
FinextraJul 31 - Partior, OpenAssets Test Bank Deposits for Instant Digital Asset Settlement
OpenAssets and Partior have tested the settlement of digital assets and stablecoins using tokenised commercial bank deposits. The proof of concept demonstrated atomic delivery-versus-payment, where an asset and its corresponding payment move simultaneously to reduce settlement risk. It connected OpenAssets’ digital asset infrastructure with Partior’s settlement network to demonstrate settlement ac
Fintech News SingaporeJul 31
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