Quick Post
13d · 1 min read
This is bigger than it looks...
They just proved tokenized Central Bank Reserves and commercial-bank deposits can settle across borders on a shared programmable ledger.
The BIS is owned by 63 central banks representing roughly 95% of global GDP
The IIF represents roughly 400 institutions in more than 60 countries.
Together they brought together Seven Central Banks and more than 40 institutions, including JPMorgan, Citi, HSBC, Deutsche Bank, Santander, UBS, Visa, Mastercard and Swift.
The project is designed as an interoperable, multi-ledger system, but the report doesn't show it connecting to public crypto networks. External interoperability remains future work.
But, here’s a rabbit hole if you look a little deeper:
Hedera ($HBAR) joined the IIF in 2024 and is the only L1 member.
Agorá didn't run on Hedera but when the organization representing global banking repeatedly gives one public DLT a seat at the table, it’s worth paying attention.
This content is for informational purposes only and should not be considered financial advice.
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