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swiss banks join international project to explore tokenization in finance

Seven Swiss institutions, including UBS, BCV, and BKB, are participating in the Agorá project, which aims to explore the integration of customer deposits and central bank money into a programmable financial platform. Launched by the Bank for International Settlements and seven central banks, the project seeks to enhance the monetary system through tokenization and smart contracts. The initiative, involving 41 private financial institutions globally, is set to run until 2025.
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Euro United States Dollar SIX Group AG UBS SA Basler Kantonalbank (BKB) PostFinance AG Vaud Cantonal Bank (BCV) MEX KOR JPN CHE USA FRA GBR Show more
Crypto, News Article
09:00 17.09.2024
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