TechFlow News, March 26: According to a Decrypt report, the Reserve Bank of Australia (RBA) announced it will advance the legal and market infrastructure required for tokenized asset markets and coordinate with multiple regulatory bodies to support the scaled operation of tokenized assets within the financial system. Brad Jones, Assistant Governor of the RBA, stated that following the conclusion of Project Acacia, the viability of tokenization within Australia’s financial system is no longer in question—the central challenge now lies in implementation.
The RBA plans to collaborate with regulators and industry stakeholders to establish a new digital market infrastructure sandbox, designed to test tokenized assets, tokenized money, and settlement systems over extended periods—supporting commercial deployment rather than short-term pilots. Concurrently, the RBA is coordinating with the Australian Securities and Investments Commission (ASIC) and AUSTRAC to develop a unified framework addressing issues such as classification of tokenized assets, settlement finality, and platform licensing regulation.
The RBA estimates that synchronized settlement of tokenized assets and funds could generate approximately AUD 24 billion (roughly USD 16.6 billion) in annual economic benefits for Australia. Subsequent efforts will focus on settlement infrastructure, tokenized bank deposits, stablecoins, and the potential role of wholesale central bank digital currency (CBDC).
