Australia Unveils Plan To Test CBDCs, Stablecoins, Tokenized Assets

Australia is actively exploring digital currencies and tokenized belongings. The Reserve Financial institution of Australia (RBA) is ready to launch a complete trial, in partnership with the Digital Finance Cooperating Reserach Centre (DFCRC). The nation unveiled the following part of ‘Project Acacia’ – an initiative designed to check the actual world utility of the central financial institution digital currencies (CBDCs), stablecoins and tokenized belongings.

The path will check 24 distinct use case. 19 of those will contain actual cash transactions. 5 are proofs-of-concept utilizing simulated transactions. Importantly, three of Australia’s 4 largest banks – Commonwealth Financial institution(CBA), Australia and New Zealand Banking Group (ANZ), and Westpac – are actively collaborating. Different monetary and tech organisations are additionally collaborating.

“The real money settlement models being tested, including issuing pilot wholesale CBDC on third party platforms, reflects another world-first for Australia in this rapidly evolving field,” Talis Putnins, Chief Scientist on the DFCRC.

Australia
ASIC (FS regulator) has partnered in Undertaking Acacia, the Reserve Financial institution of Australia’s (RBA’s) & Digital Finance Cooperative Analysis Centre’s (DFCRC’s) tokenised asset settlement mission, involving 20 digital asset use case experiments.
The regulator will assist… pic.twitter.com/QE3YPH1uld

— Crypto NG (@NG_crypto_trend) July 10, 2025

On 10 July 2025, the RBA mentioned in a press launch, “Project Acacia has today reached a significant milestone with a number of industry participants selected to explore how innovations in digital money and existing settlement infrastructure might support the development of Australian wholesale tokenised asset markets.”

Brad Jones, Assistant Governor on the RBA mentioned, “Guaranteeing that Australia’s funds and financial preparations are fit-for-purpose within the digital age is a strategic precedence for the RBA and the Funds System Board.”

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Extra About Undertaking Acacia

Undertaking Acacia is a coordinated, giant pilot involving a various group of members. It consists of native fintech startups, main Australian banks and international monetary establishments.

“Project Acacia represents an opportunity for further collaborative exploration on tokenised asset markets and the future of money by the public and private sectors in Australia,” mentioned Jones. “The use cases selected in this project will help us to better understand how innovations in central bank and private digital money, alongside payments infrastructure, might help to uplift the functioning of wholesale financial markets in Australia.”

Proposed settlement belongings for the use instances embody stablecoins, financial institution deposit tokens, and pilot wholesale CBDCs. Furthermore, they embody new methods of utilizing banks’ present change settlement accounts on the RBA.

Moreover, the Australian Securities and Investments Fee (ASIC) Commissioner Kate O’Rourke weighed in. She mentioned, “ASIC sees useful applications for the technologies underlying digital assets in wholesale markets. The relief from regulatory requirements that we have announced today will allow these technologies to be sensibly tested—to explore opportunities and identify and tackle risks.”

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Australia Proposes New Crypto Framework

Australia’s Labor-led authorities has unveiled a brand new regulatory framework. It goals at bringing crypto exchanges and associated companies underneath the nation’s present monetary companies legal guidelines.

The announcement was made by the Treasury Division on 21 March 2025. This marked a major step towards formalizing oversight of the digital asset trade.

Underneath the proposal, crypto exchanges, custodians, and choose brokerage companies concerned in buying and selling or storing digital belongings will likely be required to acquire an Australian Monetary Providers Licence. Furthermore, they can even must adjust to capital necessities and buyer asset safety guidelines.

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