BMO joins BIS-led Project Agorá cross-border payments tokenization consortium

• BMO joined Project Agorá, a BIS-IIF public-private collaboration testing tokenization to improve wholesale cross-border payments.
• Initiative targets faster, more seamless multi-currency payments through programmability, reducing constraints tied to traditional operating hours.
• Project Agorá includes eight central banks, more than 40 regulated financial institutions, with real-value multi-jurisdictional tests completed in July 2026.
• Work also assesses regulatory issues for tokenized central bank reserves, commercial bank deposits, AML, CFT, settlement rules, data privacy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BMO - Bank of Montreal published the original content used to generate this news brief via CNW (Ref. ID: 202609290800CANADANWCANADAPR_C2573) on September 29, 2026, and is solely responsible for the information contained therein.