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Catch up on BIS unified-ledger blueprint (AER 2025, Chapter III)

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4material developments in the last 90 days

May 2026

3 items
  1. CommentaryTop signal

    BIS Project Agorá prototype keeps central bank money under domestic control

    CBDC · Tokenised deposit

  2. Pilot

    BIS Project Agorá tests tokenised wholesale cross-border rails

    Agorá is the official-sector test of whether correspondent banking moves onto shared tokenised ledgers; the technology is the easy part and central-bank money access is the gate, so watch the governance, not the demo.

    Source
  3. Commentary

    The Rise of CBDCs and Interoperable Digital Ecosystems

    CBDC · Tokenised bond · Tokenised MMF

April 2026

1 item
  1. Commentary

    Stablecoins: framing the debate

    Stablecoin