Australia is advancing the construction of tokenized asset market infrastructure.

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Deep Tide TechFlow News, on March 26, according to Decrypt, the Reserve Bank of Australia (RBA) announced plans to advance the legal and market infrastructure needed for tokenized asset markets and coordinate with multiple regulators to support the scaling of tokenized assets within the financial system. RBA Assistant Governor Brad Jones stated that after the completion of the Project Acacia research project, the prospects for tokenization in Australia’s financial system are unquestionable, and the current core issue is how to implement it effectively.

RBA plans to collaborate with regulators and industry to establish a new digital market infrastructure sandbox for testing tokenized assets, tokenized currencies, and settlement systems over a longer-term environment, supporting commercialization rather than short-term pilots. Meanwhile, RBA is coordinating with the Australian Securities and Investments Commission (ASIC) and AUSTRAC to develop a unified framework on issues such as classification of tokenized assets, settlement finality, and platform licensing regulation.

RBA estimates that if tokenized assets and funds achieve synchronized settlement, it could bring approximately AUD 24 billion (about USD 16.6 billion) in economic benefits to Australia annually. Future work will focus on settlement infrastructure, tokenized bank deposits, stablecoins, and the potential roles of wholesale central bank digital currencies.

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