Australia Unveils Plan To Test CBDCs, Stablecoins, Tokenized Assets

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 ‘Project Acacia’ – an initiative designed to test the real world application of the central bank.. The post Australia Unveils Plan To Test CBDCs, Stablecoins, Tokenized Assets appeared first on 99Bitcoins.

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Jul 11, 2025 - 01:00

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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 ‘Project Acacia’ – an initiative designed to test the real world application of the central bank digital currencies (CBDCs), stablecoins and tokenized assets.

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’s four largest banks – Commonwealth Bank(CBA), Australia and New Zealand Banking Group (ANZ), and Westpac – are actively participating. Other financial and tech organisations are also participating.

“The 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,” Talis Putnins, Chief Scientist at the DFCRC.