TechFlow news, June 16 — According to Decrypt, new research released at the Australian Digital Economy Conference shows that digital financial innovation and tokenization could contribute up to 1% annual GDP growth for Australia. The study identifies foreign exchange markets as the largest opportunity, worth approximately $4.8 billion, followed by cross-border payments ($7.6 billion).
However, researchers noted that at the current pace of development, Australia is projected to achieve only around $1.8 billion in annual economic gains by 2030, far below the potential total of $19 billion. Talis Putnins, Chief Scientist at the Cooperative Research Centre for Digital Financial Transformation, stated: "Australia stands at a critical crossroads. By working together, we can choose a path that positions Australia as a leader in digital finance."
