Australias central bank advances Project Acacia to test CBDC and tokenized asset settlement
Odaily News The Reserve Bank of Australia (RBA) announced on Thursday that its key project Project Acacia is entering the next phase of testing, which will explore how crypto assets and central bank digital currencies (CBDCs) can support the development of the countrys wholesale tokenized asset market. The project plans to test 24 use cases in the next phase, with participants including fintech companies and major banks such as the Commonwealth Bank of Australia, ANZ Bank and Westpac Bank. The tests will cover a variety of settlement assets, including stablecoins, bank deposit tokens and pilot wholesale CBDCs. The Australian Securities and Investments Commission (ASIC) said it would provide regulatory easing to project participants to test tokenized asset transactions. The project is a joint initiative of the Reserve Bank of Australia and the Digital Finance Cooperative Research Center, and is an important part of the Australian governments fit for purpose digital asset framework. (The Block)
You may also like

Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?

Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point

After a 48-hour ban, Claude reached the top of the App Store

If this is the beginning of the triple halving, what are top investors saying about what to expect?

After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow

Pantera Capital Partner: The Financial Trajectory of AI Agents

In the next 5 years, Vitalik will scale Ethereum like this

Sam Altman and the End of the World Capitalism

Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?

Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?

MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene

Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap

Why is it said that there are structural opportunities in encrypted AI?

Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents

Consumer application issues

Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish

Legendary investor Naval: In the AI era, traditional software engineers have no value?
