PANews|Jul 30, 2026 09:28
[South Korea's Central Bank Successfully Tests Global Tokenized Payment Project]
According to Korean media reports, the Bank of Korea participated in the real transaction testing of the global payment and settlement project "Project Agora," led by the Bank for International Settlements (BIS), and successfully completed transactions using tokenized reserve funds. A total of 28 institutions participated in this test, including the Bank of Korea, central banks from various countries, and private financial institutions, covering six currencies: the Korean won, US dollar, euro, British pound, Swiss franc, and Japanese yen. Domestic participants from South Korea included KB Kookmin Bank, NongHyup Bank, Shinhan Bank, Woori Bank, and Hana Bank. The participating institutions conducted real transaction tests worth approximately 800,000 Swiss francs, involving multiple currencies and testing 17 transaction scenarios. The Bank of Korea stated: "In the future, Project Agora plans to conduct more real transaction tests by identifying transaction types and scenarios not covered in this round of testing."
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