{
  "id": 15688885,
  "title": "BOK, BoE expand cooperation on tokenization projects",
  "url": "https://urgent.news/2026/10/20/bok-boe-expand-cooperation-on-tokenization-projects",
  "topic": "world",
  "section": "World",
  "published": "2026-10-20T03:00:02.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261020002500320"
  },
  "original_language": "en",
  "account": "On October 20, the Bank of Korea (BOK) announced it is strengthening collaboration with the Bank of England (BoE) on tokenization initiatives. On Monday, BoE Deputy Governor for Financial Stability Sarah Breeden journeyed to the BOK to engage with Korean officials on advancements in payment and settlement systems. Representatives from the BoE, alongside their BOK counterparts, reviewed progress on tokenization efforts, which encompass both the global Project Agora and South Korea's Project Hangang. The BOK pledged to share its expertise in tokenization and engage in international dialogues concerning the subject. Payment tokenization functions by substituting sensitive payment data with distinctive, randomly generated alphanumeric strings, known as tokens. Project Agora, spearheaded by the Bank for International Settlements, investigates how tokenized commercial bank deposits and tokenized wholesale central bank money could enhance the global financial framework, notably for cross-border transactions. Project Hangang represents a blockchain-based tokenization pilot project initiated by the BOK to evaluate digital currency and wholesale central bank digital currency.",
  "summary": "SEOUL, Oct. 20 (Yonhap) -- The Bank of Korea (BOK) said Tuesday it is expanding ...",
  "key_points": [
    "Bank of Korea and Bank of England expand collaboration on tokenization projects.",
    "BoE Deputy Governor Sarah Breeden visits BOK to discuss payment and settlement systems.",
    "BOK commits to sharing expertise in tokenization and participating in international dialogues."
  ],
  "editors_take": "This bilateral cooperation signals a shift toward standardized cross-border payment systems as central banks align their technical frameworks to integrate tokenized deposits into the global financial infrastructure.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "BOK, BoE expand cooperation on tokenization projects",
        "url": "https://urgent.news/2026/10/20/bok-boe-expand-cooperation-on-tokenization-projects-15692660",
        "published": "2026-10-20T03:37:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}