The Bank for International Settlements (BIS) has announced that over 40 financial institutions will be exploring the use of tokenization in wholesale cross-border payments through its Project Agorá. These financial companies were selected following a public call for participants in May. The project has now entered its design phase.

BIS stated on its website that the project, based on its concept of a unified ledger, "will explore how tokenized commercial bank deposits can be seamlessly integrated with tokenized wholesale central bank money into a programmable core finance platform." (CoinDesk)