纽约创新中心加入全球央行合作，加强跨境支付

纽约联邦储备银行 (NYIC) 纽约创新中心已加入全球研究合作项目 Agora，探索中央银行和商业银行资金的代币化，以潜在地增强批发跨境支付。国际清算银行（BIS）创新中心正在牵头该倡议，该倡议由七家央行组成。 Agora 项目旨在解决当前国际支付框架中的低效率问题，例如法律和技术差异、不同的运营时间以及分散的金融诚信控制。通过研究中央银行货币和商业银行存款的共享可编程分类账，该项目旨在提高交易的速度和透明度，同时降低与跨境支付相关的成本和风险。

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

纽约创新中心加入国际央行跨境支付合作

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.

纽约州纽约 - 纽约联邦储备银行的纽约创新中心 (NYIC) 加入了一项名为 Project Agora 的国际研究合作，该项目专注于对中央银行和商业银行资金进行代币化，以潜在地增强批发跨境支付。该倡议由国际清算银行（BIS）创新中心牵头，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 项目旨在解决当前国际支付结构中的低效率问题，例如法律和技术碎片化、不同的运营时间和财务完整性控制。通过探索中央银行货币和商业银行存款的共享可编程分类账，该项目旨在加快交易速度和透明度，同时降低与跨境支付相关的成本和风险。

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 负责人 Per von Zelowitz 表达了与其他央行合作的热情，以及该中心对货币和支付未来公共讨论的持续贡献。 NYIC 在该项目中的作用严格限于研究和实验。

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.

与纽约联储一起参与的央行包括英格兰银行、法兰西银行、日本银行、韩国银行、墨西哥银行和瑞士国家银行。国际清算银行还将邀请金融机构为该项目做出贡献，并计划发布公开报告，详细介绍 Agora 项目的调查结果。

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 于 2021 年与 BIS 创新中心合作成立，致力于金融、技术和创新的交叉领域。其使命是通过技术研究和实验深入了解中央银行业务的机会，从而推动中央银行业务发展并改善全球金融体系。

Rationale for Project Agora

Agora 项目的基本原理

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.

当前的跨境支付格局分散、效率低下且成本高昂。付款可能需要几天时间才能结算，而且中介机构通常会增加大量费用并增加流程的不透明度。 Agora 项目试图通过探索在共享的分布式账本上使用代币化的中央银行和商业银行资金来应对这些挑战。

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.

通过货币代币化，中央银行可以创建可以实时交换和结算的法定货币的数字表示形式。这将消除对代理银行网络的需求，并减少与传统跨境支付相关的操作复杂性和延迟。

Potential Benefits of Project Agora

Agora 项目的潜在好处

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

Agora 项目有潜力通过以下方式彻底改变跨境支付：

• 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：交易将实时结算，为企业和个人提供更大的确定性和效率。降低成本：通过消除对中介机构和代理银行的需求，Agora 项目可以显着降低跨境支付的成本。增强金融包容性：通过使跨境支付更容易获得和负担得起，Agora 项目可以扩大新兴市场企业和个人的金融包容性。促进金融稳定：共享账本将提供跨境支付流的统一视图，使中央银行更好地监控和管理系统性风险。后续步骤

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 项目是一项雄心勃勃且复杂的事业，需要大量的研究和开发。参与的中央银行将共同探讨中央银行和商业银行货币代币化的技术、法律和政策影响。

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.

该项目还将进行试点实验，以测试所提出解决方案的可行性和可扩展性。公开报告将在整个项目期间发布，以与更广泛的金融界分享研究结果和见解。

Implications for the Future of Cross-Border Payments

对跨境支付未来的影响

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 项目有潜力重塑跨境支付的未来。通过探索央行和商业银行货币的代币化，该项目可以为更高效、透明和包容的全球金融体系铺平道路。

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.

纽约创新中心很荣幸成为这一突破性合作的一部分，并期待为创新解决方案的开发做出贡献，以改善世界各地企业和个人的生活。

About the New York Innovation Center

关于纽约创新中心

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.

纽约创新中心是纽约联邦储备银行的研究和创新中心。该中心的使命是通过技术研究和实验深入了解中央银行业务的机会，从而推动中央银行业务发展并改善全球金融体系。 NYIC 是纽约联邦储备银行和国际清算银行创新中心之间的合作项目。