✉news BusinessBanking first seen 4 h ago, last 4 h ago, peak #36
Barclays and Wells Fargo join BIS Project Agorá
Original: Barclays, Wells Fargo among 7 banks joining BIS Project Agorá as Canadian presence surges
Seven banks, including Barclays and Wells Fargo, have joined Project Agorá, the Bank for International Settlements' initiative to explore tokenised cross-border payments using central bank deposits alongside commercial bank money. The move marks a notable surge in Canadian bank participation in the project. The development signals growing institutional interest in shared ledger technology for wholesale settlements.
Why now: Fresh news of major international banks expanding participation in the BIS's tokenisation pilot has drawn attention across the banking sector.
BarclaysWells FargoBank for International SettlementsProject Agorá
Evidence
- Barclays, Wells Fargo among 7 banks joining BIS Project Agorá as Canadian presence surges · ledgerinsights.com
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