🚀 Big news in the DeFi and Web 3 world! Over 40 financial firms are teaming up with the Bank for International Settlements (BIS) to explore how tokenization can revolutionize wholesale cross-border payments in Project Agorá! 🌍💸

1️⃣ The BIS, aka the "central bank for central banks," is diving into the design phase of this ambitious project. They're combining wholesale central bank money with tokenized commercial bank deposits. Talk about a power move! 💪

2️⃣ This public-private partnership aims to tackle the inefficiencies in today's cross-border payments. Imagine a world where different legal, regulatory, and technical hurdles are a thing of the past! 🛤️

3️⃣ With seven monetary authorities from the U.K., Japan, South Korea, Mexico, Switzerland, the U.S., and Europe on board, this is truly a global effort. 🌐

Feeling bullish? 🐂 Drop your thoughts in the comments! How do you think tokenization will change the game? 💬👇