紐約創新中心加入全球央行合作，加強跨國支付

紐約聯邦儲備銀行 (NYIC) 紐約創新中心已加入全球研究合作計畫 Agora，探索中央銀行和商業銀行資金的代幣化，以潛在地增強批發跨境支付。國際清算銀行（BIS）創新中心正在主導該倡議，該倡議由七家央行組成。 Agora 專案旨在解決當前國際支付框架中的低效率問題，例如法律和技術差異、不同的營運時間以及分散的財務誠信控制。透過研究中央銀行貨幣和商業銀行存款的共享可編程分類賬，該項目旨在提高交易的速度和透明度，同時降低與跨境支付相關的成本和風險。

The New York Innovation Center Joins International Central Bank Collaboration on Cross-Border Payments

紐約創新中心加入國際央行跨國支付合作

New York, NY - The New York Innovation Center (NYIC) of the Federal Reserve Bank of New York has joined an international research collaboration called Project Agora, focused on tokenizing central bank and commercial bank money to potentially enhance wholesale cross-border payments. Led by the Bank for International Settlements (BIS) Innovation Hub, the initiative includes seven central banks.

紐約州紐約- 紐約聯邦儲備銀行的紐約創新中心(NYIC) 加入了一項名為Project Agora 的國際研究合作，該項目專注於對中央銀行和商業銀行資金進行代幣化，以潛在地增強批發跨境支付。該倡議由國際清算銀行（BIS）創新中心牽頭，包括七家央行。

Project Agora aims to address inefficiencies in the current structure of international payments, such as legal and technical fragmentation, varying operating hours, and financial integrity controls. By exploring a shared programmable ledger for central bank money and commercial bank deposits, the project seeks to accelerate the speed and transparency of transactions while reducing the costs and risks associated with cross-border payments.

Agora 專案旨在解決當前國際支付結構中的低效率問題，例如法律和技術碎片化、不同的營運時間和財務完整性控制。透過探索中央銀行貨幣和商業銀行存款的共享可編程分類賬，該項目旨在加快交易速度和透明度，同時降低與跨境支付相關的成本和風險。

Per von Zelowitz, Head of the NYIC, expressed enthusiasm for the collaboration with other central banks and the center's ongoing contributions to the public discourse on the future of money and payments. NYIC's role in the project is strictly limited to research and experimentation.

NYIC 負責人 Per von Zelowitz 表達了與其他央行合作的熱情，以及該中心對貨幣和支付未來公共討論的持續貢獻。 NYIC 在該計畫中的作用嚴格限於研究和實驗。

Central banks participating alongside the New York Fed include the Bank of England, Banque de France, Bank of Japan, Bank of Korea, Banco de México, and the Swiss National Bank. The BIS will also invite financial institutions to contribute to the project and plans to release public reports detailing the findings of Project Agora.

與紐約聯邦儲備銀行一起參與的央行包括英格蘭銀行、法蘭西銀行、日本銀行、韓國銀行、墨西哥銀行和瑞士國家銀行。國際清算銀行也將邀請金融機構為該計畫做出貢獻，並計劃發佈公開報告，詳細介紹 Agora 計畫的調查結果。

Established in 2021 in collaboration with the BIS Innovation Hub, the NYIC operates at the intersection of finance, technology, and innovation. Its mission is to generate insights into central banking opportunities through technical research and experimentation, thereby advancing central banking and improving the global financial system.

NYIC 於 2021 年與 BIS 創新中心合作成立，致力於金融、技術和創新的交叉領域。其使命是透過技術研究和實驗深入了解中央銀行業務的機會，從而推動中央銀行業務發展並改善全球金融體系。

Rationale for Project Agora

Agora 專案的基本原理

The current cross-border payments landscape is fragmented, inefficient, and costly. Payments can take days to settle, and intermediaries often add significant fees and opacity to the process. Project Agora seeks to address these challenges by exploring the use of tokenized central bank and commercial bank money on a shared, distributed ledger.

目前的跨境支付格局分散、效率低且成本高昂。付款可能需要幾天時間才能結算，而且中介機構通常會增加大量費用並增加流程的不透明度。 Agora 計畫試圖透過探索在共享的分散式帳本上使用代幣化的中央銀行和商業銀行資金來應對這些挑戰。

By tokenizing money, central banks can create digital representations of their fiat currencies that can be exchanged and settled in real-time. This would eliminate the need for correspondent banking networks and reduce the operational complexities and delays associated with traditional cross-border payments.

透過貨幣代幣化，中央銀行可以創建可以即時交換和結算的法定貨幣的數位表示形式。這將消除對代理銀行網路的需求，並減少與傳統跨境支付相關的操作複雜性和延遲。

Potential Benefits of Project Agora

Agora 計畫的潛在好處

Project Agora has the potential to revolutionize cross-border payments by:

Agora 專案有潛力透過以下方式徹底改變跨境支付：

• Increasing speed and transparency: Transactions would be settled in real-time, providing greater certainty and efficiency for businesses and individuals.
• Reducing costs: By eliminating the need for intermediaries and correspondent banking, Project Agora could significantly reduce the costs of cross-border payments.
• Enhancing financial inclusion: By making cross-border payments more accessible and affordable, Project Agora could expand financial inclusion for businesses and individuals in emerging markets.
• Promoting financial stability: The shared ledger would provide a unified view of cross-border payment flows, enabling central banks to better monitor and manage systemic risks.

Next Steps

提高速度和透明度：交易將即時結算，為企業和個人提供更大的確定性和效率。降低成本：透過消除對中介機構和代理銀行的需求，Agora 專案可以顯著降低跨境支付的成本。增強金融包容性：透過使跨國支付更容易取得且負擔得起，Agora 計畫可以擴大新興市場企業和個人的金融包容性。促進金融穩定：共享帳本將提供跨國支付流的統一視圖，使中央銀行更好地監控和管理系統性風險。後續步驟

Project Agora is an ambitious and complex undertaking that will require significant research and development. The participating central banks will work together to explore the technical, legal, and policy implications of tokenizing central bank and commercial bank money.

Agora 計畫是一項雄心勃勃且複雜的事業，需要大量的研究和開發。參與的中央銀行將共同探討中央銀行和商業銀行貨幣代幣化的技術、法律和政策影響。

The project will also conduct pilot experiments to test the feasibility and scalability of the proposed solutions. Public reports will be released throughout the project to share findings and insights with the broader financial community.

該計畫還將進行試點實驗，以測試所提出解決方案的可行性和可擴展性。公開報告將在整個計畫期間發布，以與更廣泛的金融界分享研究結果和見解。

Implications for the Future of Cross-Border Payments

對跨境支付未來的影響

Project Agora has the potential to reshape the future of cross-border payments. By exploring the tokenization of central bank and commercial bank money, the project could pave the way for a more efficient, transparent, and inclusive global financial system.

Agora 計畫有潛力重塑跨境支付的未來。透過探索央行和商業銀行貨幣的代幣化，該計畫可以為更有效率、透明和包容的全球金融體系鋪路。

The New York Innovation Center is proud to be a part of this groundbreaking collaboration and looks forward to contributing to the development of innovative solutions that will improve the lives of businesses and individuals around the world.

紐約創新中心很榮幸成為這項突破性合作的一部分，並期待為創新解決方案的開發做出貢獻，以改善世界各地企業和個人的生活。

About the New York Innovation Center

關於紐約創新中心

The New York Innovation Center is a research and innovation hub of the Federal Reserve Bank of New York. The center's mission is to generate insights into central banking opportunities through technical research and experimentation, thereby advancing central banking and improving the global financial system. The NYIC is a collaboration between the Federal Reserve Bank of New York and the BIS Innovation Hub.

紐約創新中心是紐約聯邦儲備銀行的研究與創新中心。該中心的使命是透過技術研究和實驗深入了解中央銀行業務的機會，從而推動中央銀行業務發展並改善全球金融體系。 NYIC 是紐約聯邦儲備銀行和國際清算銀行創新中心之間的合作計畫。