TechFlow News, March 25: According to The Block, Brad Jones, Assistant Governor of the Reserve Bank of Australia (RBA), stated in a speech that the focus on asset tokenization has shifted from “whether” to “how” it will be implemented. Research under Project Acacia indicates that tokenization technologies could deliver approximately $16.7 billion in annual efficiency gains to the Australian economy. Jones noted that stablecoins and bank deposit tokens can play complementary roles—stablecoins are suitable for smaller, emerging tokenized markets, while bank deposit tokens, backed by prudential regulation and central bank liquidity support, will play a more significant role in larger markets. The RBA also announced plans to establish a digital financial market infrastructure sandbox, form a regulatory-industry tokenization advisory group, and expand its deposit token working group to advance cross-bank interoperability.
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