Project Agorá settles real money, six currencies in eighty seconds
The BIS says twenty-eight institutions and central banks moved around CHF800,000 of live tokenized deposits across borders, the first time the project has put real value at stake.
Bank
Lloyds Banking Group plc
The largest British retail and commercial banking group, formed in 2009, and one of the commercial banks that settled live tokenized deposit transactions in the BIS Project Agora trial.
The profile
A British retail and commercial banking group formed in 2009 when Lloyds TSB acquired HBOS, with Lloyds Bank, Halifax and Bank of Scotland among its brands. It appears on this beat through wholesale payments rather than retail: in Project Agora's real-value testing it completed three live tokenized deposit transactions, one of which combined foreign exchange conversion, payment and settlement into a single step. That is the significant part for a bank of its kind, because correspondent banking revenue depends on those being separate steps with float and fees between them.
Coverage
Developments in which Lloyds Banking Group plc is a named party, newest first.
On the record
Project Agora settles live tokenized transactions in six currencies
The Bank for International Settlements published real-value testing results for Project Agora on 29 July 2026. Twenty-eight private sector institutions and central banks completed transactions across seventeen scenarios worth about CHF800,000 in total, settling in roughly eighty seconds on average on a platform where tokenized commercial bank deposits move alongside tokenized central bank reserves.