Bank of Korea in central Seoul on Aug 12, 2025. [YONHAP]
The Bank of Korea (BOK) said Wednesday that it will actively join an international project to explore how tokenized commercial bank deposits could improve the current financial system, especially for cross-border payments.
Under the global project, dubbed Project Agora, the BOK has stepped up cooperation with the Bank for International Settlements and six other central banks.
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The Bank of Canada also joined the project, which aims to explore how tokenization of wholesale central bank money and commercial bank deposits can improve the monetary system.
