Australia begins second phase of tokenized asset and CBDC settlement trials with major banks
2025-07-10 12:20:50
Main Idea
The Reserve Bank of Australia is progressing with Project Acacia, a pilot to test digital money and tokenized settlements, involving 24 participants and regulatory relief to explore wholesale CBDC applications.
Key Points
1. The Reserve Bank of Australia (RBA) has unveiled the next phase of Project Acacia, selecting 24 participants to test wholesale CBDC applications.
2. The pilot will explore settling various asset classes, including fixed income, private markets, and trade receivables.
3. Participants include fintech startups and major financial institutions like ANZ, Commonwealth Bank, and Westpac.
4. The Australian Securities and Investments Commission has granted regulatory relief to facilitate testing beyond current frameworks.
5. The second phase will run for six months, with findings to be published in Q1 2026, informing future financial market resilience strategies.
Description
The Reserve Bank of Australia is advancing a pilot to test digital money and tokenized settlements, with regulatory relief granted to participants to enable testing beyond current regulatory frameworks. Australia’s central bank, in partnership with the Digital Finance Cooperative Research Centre, has unveiled the next phase of Project Acacia, selecting 24 use cases to test how digital money and tokenized settlement models could reshape wholesale financial markets. Announced on July 10, this stag...
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