Bank of Korea tests tokenized reserve transfers through BIS Project Agora

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The Bank of Korea has successfully completed live cross-border payment tests using tokenized central bank reserves under the Bank for International Settlements-led Project Agora, processing ...

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2655751338"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2655751338\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2655751338?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-30 18:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2655751338","market":"sg","top_or_hot":-1,"title":"Bank of Korea tests tokenized reserve transfers through BIS Project Agora","media":"cryptonews","content":"<div>\n<p>The Bank of Korea has successfully completed live cross-border payment tests using tokenized central bank reserves under the Bank for International Settlements-led Project Agora, processing ...</p>\n\n<a href=\"https://crypto.news/bank-of-korea-tests-tokenized-reserve-transfers-through-bis-project-agora/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of Korea tests tokenized reserve transfers through BIS Project Agora\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-30 18:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bank-of-korea-tests-tokenized-reserve-transfers-through-bis-project-agora/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Bank of Korea has successfully completed live cross-border payment tests using tokenized central bank reserves under the Bank for International Settlements-led Project Agora, processing ...</p>\n\n<a href=\"https://crypto.news/bank-of-korea-tests-tokenized-reserve-transfers-through-bis-project-agora/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4503","symbol_name":"景林资产持仓","start_time":0,"source_url":"https://crypto.news/bank-of-korea-tests-tokenized-reserve-transfers-through-bis-project-agora/","article_id":"2655751338","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bank-of-korea-tests-tokenized-reserve-transfers-through-bis-project-agora/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2655751338","pubTimestamp":1785408583,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"The Bank of Korea has successfully completed live cross-border payment tests using tokenized central bank reserves under the Bank for International Settlements-led Project Agora, processing transactions across six currencies and multiple payment scenarios.Bank of Korea completed live Project Agora payment tests using tokenized reserve funds across six currencies.South Korean banks tested cross border settlements including a 20 million won transfer using tokenized reserves.The trial linked Project Hangang with the BIS platform to validate real world payment workflows.The central bank plans additional Project Agora tests covering more payment scenarios and transaction types.According to the Bank of Korea, the central bank participated in the latest round of Project Agora real transaction testing alongside 27 other central banks and private financial institutions, confirming that the platform’s core functions and operating processes worked reliably in an environment designed to mirror rea","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4503":"景林资产持仓","BIS":"ProShares UltraShort Nasdaq Biotechnology","API":"声网","BK4551":"寇图资本持仓","BK4023":"应用软件","BK4535":"淡马锡持仓","03121":"南方KOSPI"},"translate_title":"韩国银行通过 BIS 项目 Agora 测试代币化准备金转移","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03121":1.5,"API":1.5,"BIS":1.5},"content_text":"The Bank of Korea has successfully completed live cross-border payment tests using tokenized central bank reserves under the Bank for International Settlements-led Project Agora, processing transactions across six currencies and multiple payment scenarios.\n\n\nSummary\n\n\n\nBank of Korea completed live Project Agora payment tests using tokenized reserve funds across six currencies.\nSouth Korean banks tested cross border settlements including a 20 million won transfer using tokenized reserves.\nThe trial linked Project Hangang with the BIS platform to validate real world payment workflows.\nThe central bank plans additional Project Agora tests covering more payment scenarios and transaction types.\n\n\n\nAccording to the Bank of Korea, the central bank participated in the latest round of Project Agora real transaction testing alongside 27 other central banks and private financial institutions, confirming that the platform’s core functions and operating processes worked reliably in an environment designed to mirror real-world payment operations.\nThe exercise covered the Korean won, U.S. dollar, euro, British pound, Swiss franc and Japanese yen. South Korea’s participating commercial banks included KB Kookmin Bank, NongHyup Bank, Shinhan Bank, Woori Bank and Hana Bank.\nParticipating institutions processed transactions worth about 800,000 Swiss francs across 17 payment scenarios. \nThe Bank of Korea said the tests successfully handled several cross-border payment use cases, including single- and dual-currency settlements between companies and banks, payment-versus-payment foreign exchange settlements and fund transfers within the same financial group.\nProject Agora has linked tokenized reserves with cross-border payments\nFor its domestic test, the Bank of Korea worked with NongHyup Bank and Shinhan Bank to transfer 20 million won between the two lenders using tokenized reserve funds. According to the central bank, it received payment instructions from both banks before issuing, transferring, and redeeming tokenized reserves on the Project Agora platform.\nThe process also included a manual connection between Project Hangang, the Bank of Korea’s wholesale central bank digital currency platform, and the central bank’s existing financial network to validate interoperability during the transaction.\nSeparately, KB Kookmin Bank became the first South Korean commercial bank to complete a deposit token payment test with an overseas lender after conducting a yen-based settlement trial with Japan’s MUFG Bank. The bank said the results would support its participation in future phases of Project Agora.\nThe Bank of Korea said additional live transaction tests would follow as the project expands to cover payment types and operational scenarios that were not included in the latest exercise.\nProject Hangang has supported South Korea’s digital payment plans\nThe latest cross-border testing builds on South Korea’s efforts to extend Project Hangang beyond institutional pilots and into commercial payment infrastructure.\nAs previously reported, the Ministry of Science and ICT and the Korea Internet & Security Agency launched a 9.6 billion won program earlier this month to connect Project Hangang with the country’s existing payment network. The initiative is led by the Korea Financial Telecommunications and Clearings Institute and includes nine commercial banks, payment gateway providers and large merchants testing deposit token payments for everyday retail transactions.\nInstead of replacing existing payment terminals, the project allows banks to issue deposit token wallets while merchants continue using current point-of-sale systems. Government agencies also plan to test deposit tokens for public-sector payments before integrating the technology with South Korea’s digital public finance platform.\nThe Bank of Korea has consistently distinguished deposit tokens from stablecoins. Deposit tokens represent commercial bank deposits issued through a wholesale CBDC framework operated by the central bank, while stablecoins are separate digital assets backed by reserve assets under their own regulatory model.\nBank of Korea has continued to prioritize CBDCs alongside Project Agora\nThe successful testing also follows Governor Shin Hyun-song’s digital finance agenda announced after he took office in April.\nIn his inaugural speech, Shin said the Bank of Korea would continue expanding Project Hangang while participating in international initiatives such as Project Agora to strengthen cross-border payment infrastructure and support the Korean won in digital finance.\nAlthough lawmakers have continued drafting stablecoin legislation under the proposed Digital Asset Basic Act, Shin’s speech focused on wholesale CBDCs and tokenized bank deposits rather than privately issued stablecoins.\nHis earlier work at the Bank for International Settlements argued that multiple privately issued stablecoins could fragment payment systems, though later reports indicated he had become more open to stablecoins operating alongside CBDCs under an appropriate framework.\nSouth Korea has advanced stablecoin legislation separately\nWhile the central bank continues testing tokenized reserves and deposit tokens, lawmakers and financial regulators have been developing a separate legal framework for stablecoins.\nThe Financial Services Commission recently told the National Assembly that it intends to consolidate ten pending digital asset proposals into a single Digital Asset Basic Act covering stablecoin issuance, exchanges, disclosures, governance and operational resilience. The regulator has not published a final draft or announced a submission date.\nSeparately, a policy report published by Hashed Open Research and the Solana Policy Institute recommended introducing interim licensing guidance for won-backed stablecoins before the full legislation is completed. Participants at the June symposium cited in the report argued that temporary rules could help regulated businesses prepare for stablecoin issuance and payment services while lawmakers continue negotiating the final framework.\nThe Bank of Korea has maintained that banks should play a leading role in any future stablecoin model because of monetary policy, foreign exchange and financial stability considerations. Ownership rules for stablecoin issuers, however, remain under discussion, with lawmakers and regulators continuing consultations before the proposed legislation moves forward.\n\n\n\n\n\n                Read more:\n            \n\n                Aave moves to wind down six chains in $98M cleanup","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}