TD Completes Real-Value Test for Tokenized Cross-Border Payments
Project Agorá’s real-value testing showed that tokenized central bank reserves and tokenized commercial bank deposits can speed up and improve wholesale cross-border payments with greater transparency while preserving safety and trust. TD participated alongside central banks and financial institutions across Asia, Europe, and North America, completing transactions in selected currencies totaling about CHF 800,000 with atomic settlement and tokenized money transfers between TD entities via BNY.