RBA Opens Settlement System to Tokenised Finance, Paves Way for Wholesale CBDC
The Reserve Bank of Australia (RBA) is consulting on how its real-time settlement system can support tokenized assets and private forms of digital money.
The RBA estimates that tokenization could add up to $24 billion to the Australian economy.
Project Acacia, a joint research project with industry, tested 20 use cases including tokenized bonds, deposits, stablecoins, and trade receivables.