{"id":36244,"date":"2025-07-10T16:46:48","date_gmt":"2025-07-10T16:46:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36244"},"modified":"2025-07-10T16:46:48","modified_gmt":"2025-07-10T16:46:48","slug":"australia-unveils-plan-to-test-cbdcs-stablecoins-tokenized-assets","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36244","title":{"rendered":"Australia Unveils Plan To Test CBDCs, Stablecoins, Tokenized Assets"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Australia is actively exploring digital currencies and tokenized assets. The Reserve Bank of Australia (RBA) is set to launch a comprehensive trial, in partnership with the Digital Finance Cooperating Reserach Centre (DFCRC). The country unveiled the next phase of \u2018Project Acacia\u2019 \u2013 an initiative designed to test the real world application of the central bank digital currencies (CBDCs), stablecoins and tokenized assets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The trail will test 24 distinct use case. 19 of these will involve real money transactions. Five are proofs-of-concept using simulated transactions. Importantly, three of Australia\u2019s four largest banks \u2013 Commonwealth Bank(CBA), Australia and New Zealand Banking Group (ANZ), and Westpac \u2013 are actively participating. Other financial and tech organisations are also participating.<\/span><\/p>\n<p>\u201cThe real money settlement models being tested, including issuing pilot wholesale CBDC on third party platforms, reflects another world-first for Australia in this rapidly evolving field,\u201d Talis Putnins, Chief Scientist at the DFCRC.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Australia <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f1e6-1f1fa.png\" alt=\"\ud83c\udde6\ud83c\uddfa\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><br \/>ASIC (FS regulator) has partnered in Project Acacia, the Reserve Bank of Australia\u2019s (RBA\u2019s) &amp; Digital Finance Cooperative Research Centre\u2019s (DFCRC\u2019s) tokenised asset settlement project, involving 20 digital asset use case experiments.<br \/>The regulator will support\u2026 <a href=\"https:\/\/t.co\/QE3YPH1uld\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/QE3YPH1uld<\/a><\/p>\n<p>\u2014 Crypto NG (@NG_crypto_trend) <a href=\"https:\/\/twitter.com\/NG_crypto_trend\/status\/1943159512112021788?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 10, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><b><span style=\"font-weight: 400\">On 10 July 2025, <a href=\"https:\/\/www.rba.gov.au\/media-releases\/2025\/mr-25-18.html\" rel=\"nofollow\" target=\"_blank\">the RBA said in a press release<\/a>, \u201cProject Acacia has today reached a significant milestone with a number of industry participants selected to explore how innovations in digital money and existing settlement infrastructure might support the development of Australian wholesale tokenised asset markets.\u201d<\/span><\/b><\/p>\n<p>Brad Jones, Assistant Governor at the RBA said, \u201cEnsuring that Australia\u2019s payments and monetary arrangements are fit-for-purpose in the digital age is a strategic priority for the RBA and the Payments System Board.\u201d<\/p>\n<p><b>Explore<\/b><span style=\"font-weight: 400\">: <\/span><a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\"><b>9+ Best High-Risk, High\u2013Reward Crypto to Buy in July 2025<\/b><\/a><\/p>\n<h2><b>More About Project Acacia<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Project Acacia is a coordinated, large pilot involving a diverse group of participants. It includes local fintech startups, major Australian banks and global financial institutions.<\/span><\/p>\n<p>\u201cProject Acacia represents an opportunity for further collaborative exploration on tokenised asset markets and the future of money by the public and private sectors in Australia,\u201d said Jones. \u201cThe use cases selected in this project will help us to better understand how innovations in central bank and private digital money, alongside payments infrastructure, might help to uplift the functioning of wholesale financial markets in Australia.\u201d<\/p>\n<p>Proposed settlement assets for the use cases include stablecoins, bank deposit tokens, and pilot wholesale CBDCs. Moreover, they include new ways of using banks\u2019 existing exchange settlement accounts at the RBA.<\/p>\n<p>Furthermore, the Australian Securities and Investments Commission (ASIC) Commissioner Kate O\u2019Rourke weighed in. She said, \u201cASIC sees useful applications for the technologies underlying digital assets in wholesale markets. The relief from regulatory requirements that we have announced today will allow these technologies to be sensibly tested\u2014to explore opportunities and identify and tackle risks.\u201d<\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/australia-proposes-new-crypto-framework-and-pledges-action-on-debanking\/\">Australia Proposes New Crypto Framework And Pledges Action On Debanking <\/a><\/strong><\/p>\n<h2 class=\"nnbtc-header__title\">Australia Proposes New Crypto Framework<\/h2>\n<p><span data-preserver-spaces=\"true\">Australia\u2019s Labor-led government has unveiled a new regulatory framework. It <\/span><span data-preserver-spaces=\"true\">aims at bringing<\/span><span data-preserver-spaces=\"true\">\u00a0crypto exchanges and related services under the country\u2019s existing financial services laws.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/treasury.gov.au\/sites\/default\/files\/2025-03\/p2025-628504-s.pdf\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">announcement<\/span><\/a> was<span data-preserver-spaces=\"true\"> made by the Treasury Department on 21 March 2025. This marked a significant step toward formalizing oversight of the digital asset industry.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Under the proposal, crypto exchanges, custodians, and select brokerage firms involved in trading or storing digital assets will be required to obtain an Australian Financial Services Licence. Moreover, they will also have to comply with capital requirements and customer asset protection rules.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">Australia is running a major trial of CBDCs, stablecoins, and tokenized assets in wholesale financial markets.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">Meanwhile, the Australian government is actively working on broader crypto regulation and industry engagement.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/australia-unveils-plan-to-test-cbdcs-stablecoins-tokenized-assets\/\">Australia Unveils Plan To Test CBDCs, Stablecoins, Tokenized Assets<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Australia is actively exploring digital currencies and tokenized assets. The Reserve Bank of Australia (RBA) is set to launch a comprehensive trial, in partnership with the Digital Finance Cooperating Reserach Centre (DFCRC). The country unveiled the next phase of \u2018Project Acacia\u2019 \u2013 an initiative designed to test the real world application of the central bank [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36244","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36244"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36244\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}