The “Project Acacia” Consultation Paper, a groundbreaking initiative by the Reserve Bank of Australia (RBA) and Digital Finance CRC (DFCRC), explores how digital money and infrastructure can transform wholesale tokenized asset markets.
1. Revolutionizing Settlements: Tokenization and digital money, including CBDCs, aim to streamline delivery-versus-payment (DvP) settlements, reduce transaction risks, and drive operational efficiency.
2. Smart Integration: Central bank and privately issued digital money can enhance interoperability and enable programmable payments, revolutionizing how financial assets are issued, traded, and settled.
3. Unlocking Potential" Asset tokenization in Australian markets could save $1–$4 billion annually and create opportunities in newer asset classes and capital formation.
4. Stakeholder Collaboration: Industry Advisory Group participation is key to shaping regulations, technology designs, and deployment models to drive responsible innovation in tokenized markets.