TD Bank Completes Live Tokenized Payment Trial Under Project Agorá
TD Bank Group in Canada has successfully completed its first live trial of tokenized asset settlement using the shared blockchain-based ledger created as part of Project Agorá.
The domestic test routed live US dollar funds between TD Bank NA and TD New York Branch (TD Securities LLC), with Bank of New York serving as the clearing intermediary.
TD stated that the trial 'demonstrated the ability to issue tokenized money on the Agorá platform and facilitate the instant movement of money, with atomic settlement, between the two TD entities'.
The trial was conducted under the real-value testing section of Project Agorá, which has involved 28 central banks and financial institutions, convened by the Bank for International Settlements and the Institute of International Finance.