Michael Zimmert heads the Banking Operations Analysis team at the SNB. He holds a PhD in Economics & Finance from the University of St. Gallen. After joining the SNB he focused on policy and data analysis of cashless payment systems and financial market infrastructures. He is generally interested in strategy work and innovation projects covering topics like platform economics, the monetary system, retail payments and FMI market structures.
Roundtable Room 3, Ground Floor
Open
Project Agorá tests the hypothesis that a multi-currency settlement mechanism that leverages tokenization and programmability could mitigate inefficiencies and frictions in cross-border payments, making them faster, more transparent and safer.
To examine this, the Bank for International Settlements (BIS) and the Institute of International Finance (IIF) combined forces to convene seven central banks and over 40 international financial institutions to test the tokenization of commercial bank deposits and central bank reserves on a unifying ledger. The roundtable will bring together Project Agorá public and private sector participants to reflect on the project and lessons learned.