(Bloomberg) -- The Bank for International Settlements and a cohort of partners will soon start testing a new prototype for digital cross-border payments with real-value transactions.

(Bloomberg) -- The Bank for International Settlements and a cohort of partners will soon start testing a new prototype for digital cross-border payments with real-value…

The BIS launched active testing of Project Agorá, a tokenized cross-border payments prototype involving seven central banks and over 40 financial institutions.

Project Agorá, backed by major central banks, will now move toward "real-value" testing to settle tokenized central bank money and bank deposits on blockchain rails.

The BIS announces Project Agorá's successful prototype, proving tokenized central bank reserves can overhaul cross-border payments with atomic settlement.

Global financial institutions are set to test a new digital system for cross-border payments. This project, involving major banks and central banks, aims to make international…