[Bank for International Settlements: Tokenization Could Significantly Enhance Cross-Border Payment Efficiency and Security] Odaily Planet Daily reports that the latest research from Project Agorá, led by the Bank for International Settlements (BIS), indicates that tokenization technology has the potential to significantly improve settlement speed and reconciliation efficiency in cross-border payments, while reducing transaction failures and operational risks. The project involves BIS in collaboration with seven central banks and over 40 financial institutions, including the New York Fed, Bank of England, Bank of Japan, and Swiss National Bank. The research suggests that tokenizing central bank reserves and commercial bank deposits could enable cross-currency, cross-jurisdiction "atomic settlement," achieving transactions that "either complete simultaneously or fail simultaneously," thereby mitigating common credit and execution risks in cross-border payments. Currently, Project Agorá has completed its simulation testing phase and plans to move into the "real-value transaction" testing phase, exploring on-chain settlement applications for certain currencies and institutions in a real-money environment. (CoinDesk)