• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Reserve Bank of Australia Begins CBDC and Tokenization Trials with Major Banks Involved

user avatar

by Giorgi Kostiuk

12 hours ago


The Reserve Bank of Australia is initiating the second phase of Project Acacia, which involves trials for digital currencies and tokenization. Results are expected by early 2026.

Goals and Characteristics of the Project

The Reserve Bank of Australia (RBA) has announced the next phase in its exploration of digital currencies. As part of the second phase of Project Acacia, launched last November, the RBA will test stablecoins, deposit tokens, and a pilot wholesale CBDC. The trials will run for the next six months, covering 24 use cases including 19 with real funds and five proofs-of-concept, encompassing asset classes such as fixed income, private markets, and carbon credits.

Participation of Major Banks in the Trials

Three of Australia's 'Big Four' banks—Commonwealth Bank (CBA), Australia and New Zealand Banking Group (ANZ), and Westpac—will participate in the trial, along with local fintechs and global partners. CBA will partner with JPMorgan to explore the potential of digital currencies and tokenized collateral in the repo market, which is crucial for liquidity management. ANZ will test tokenized trade payables to aid suppliers' cash flow management, and will also conduct trials of tokenized fixed-income instruments using a wholesale CBDC.

Regulatory Support for Digital Asset Innovations

The Australian Securities and Investments Commission (ASIC) has granted regulatory relief to trial participants, allowing them to test digital assets that currently fall outside existing legal frameworks. ASIC Commissioner Kate O’Rourke noted that the regulator sees useful applications for the technologies underlying digital assets in wholesale markets and emphasized the importance of sensible testing to explore opportunities and identify risks. Australia's regulatory landscape for crypto is gradually evolving.

The trials for digital currencies and tokenization conducted by the Reserve Bank of Australia in collaboration with major banks aim to uncover new possibilities and improvements in financial markets and liquidity management.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Missed Profits in Crypto Market: Implications of German Bitcoin Sales

chest

The German government's Bitcoin sale caused market fluctuations and a missed profit of $3.1 billion, impacting cryptocurrency prices.

user avatarGiorgi Kostiuk

Review of Arctic Pablo Coin, Dogecoin, and DOGS – New Prospects in the Crypto Market

chest

The cryptocurrency market in 2025 has unveiled new exciting projects, including Arctic Pablo Coin, Dogecoin, and DOGS.

user avatarGiorgi Kostiuk

Overview of Cryptos: Arctic Pablo Coin, Shiba Inu, and Moo Deng in July 2025

chest

Arctic Pablo Coin, Shiba Inu, and Moo Deng stand out among meme cryptocurrencies in July 2025. An overview of their functionality and market metrics.

user avatarGiorgi Kostiuk

Terra Nexus and Sinohydro Sign MoU for Mining in West Africa

chest

Terra Nexus has signed a memorandum of understanding with Sinohydro for joint mining in West Africa and the introduction of WFCA tokens.

user avatarGiorgi Kostiuk

Lula da Silva on the Impact of the US on Brazil's Economy

chest

Brazil's President Lula da Silva remarked on the country's ability to overcome economic challenges without US involvement after Trump's tariff threats.

user avatarGiorgi Kostiuk

Analysis of Current Trends in the Cryptocurrency Market: XRP, Bitcoin, and Shiba Inu

chest

Overview of recent price changes for XRP, Bitcoin, and Shiba Inu, including technical indicators and future forecasts.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.