Bank for International Settlements: Global central banks are studying solutions to integrate tokenized commercial bank deposits with tokenized wholesale central bank funds

ChainCatcher news, according to CoinDesk, the Bank for International Settlements (BIS) announced on Wednesday that a global central bank group is advancing a project called Agorá. The project aims to establish a "usable" solution that integrates tokenized commercial bank deposits with central bank funds using smart contracts and programmability.

It is reported that the project brings together seven central banks from the UK, Japan, South Korea, Mexico, Switzerland, New York, and Europe.