Successful Completion of Live Trading Test: Bank of Korea Joins BIS Global Tokenized Payment Project

Odaily Planet Daily News The Bank of Korea has participated in the live trading test of the Agora project, a global payment settlement initiative led by the Bank for International Settlements, and successfully completed transactions using tokenized reserve funds. A total of 28 institutions took part in this test, including the Bank of Korea, various central banks, 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 include KB Kookmin Bank, Nonghyup Bank, Shinhan Bank, Woori Bank, and Hana Bank. The participating institutions conducted live trading tests valued at approximately 800,000 Swiss Francs, covering multiple currencies and testing a total of 17 transaction scenarios. The Bank of Korea stated that the Agora project plans to identify transaction types and scenarios not covered in this test in the future to conduct more real-world transaction tests.