Banks settle USD 1 mln in BIS tokenised payments pilot

# Banks settle USD 1 mln in BIS tokenised payments pilot

> Evidence tier: B1
> Evidence type: Independent payments trade media report
> Source: [The Paypers](https://thepaypers.com/fintech/news/banks-settle-usd-1-mln-in-bis-tokenised-payments-pilot)
> Published: 2026-08-03
> Captured: 2026-08-03T12:58:56.081Z

## Source summary

Twenty-eight banks, including JPMorgan, Citi, and UBS, have completed a Bank for International Settlements-led pilot settling tokenised cross-border payments. The initiative, known as Project Agorá, brought together five central banks and 28 commercial lenders, including JPMorgan, Citi, UBS, Deutsche Bank, and Standard Chartered, to test whether tokenisation could modernise the infrastructure underpinning international payments.

## Why it matters

This development is testing whether the model can move from a controlled trial into live payment activity. For cross-border payments, the decision question is whether it materially changes prefunding, cross-border settlement time, stablecoin on/off ramps, or regulated market access, rather than adding another market announcement.

## Key numbers

- **Banks settle mln in BIS tokenised payments pilot:** USD 1

## Topics and entities

- Industry lane: Web3 & stablecoin payments
- Entities: Circle / Citi / Standard Chartered
- Web3 payments
- Cross-border payments

## Evidence and credibility note

Keep the article type and partner/sponsored label; use as discovery or corroboration, not sole proof of a company claim. Automatically extracted metadata and material claims should be checked against the linked original before investment use.

Date evidence: Automatically verified from JSON-LD datePublished: 2026-08-03T05:57:54+00:00

## First-party corroboration

No directly corresponding A1 company announcement is currently linked.

## Original-source traceback

[Open the original The Paypers report](https://thepaypers.com/fintech/news/banks-settle-usd-1-mln-in-bis-tokenised-payments-pilot)

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