"The Bank for International Settlements (BIS) said Project Agorá completed real-value testing of tokenized wholesale cross-border payments, with 28 financial institutions and central banks settling 800,000 Swiss francs ($1 million) across 17 transaction scenarios. The BIS said that the tests used tokenized central bank reserves and commercial bank deposits to settle payments in Swiss francs, euros, pounds sterling, Japanese yen, South Korean won and US dollars, with an average settlement time of about 80 seconds."