"The Bank of Canada is joining the Bank for International Settlements’ Project Agorá, an initiative exploring how tokenization could improve wholesale cross-border payments. The project has successfully tested the feasibility of a multi-currency unified ledger that enables atomic settlement of cross-border wholesale transactions. The Agorá prototype combines tokenized commercial bank deposits and wholesale central bank money on a programmable platform with the aim of improving the speed, efficiency, transparency and accessibility of international payments."