Most tokenisation conversations begin with the technology. The more useful question is whether it can settle safely, efficiently and at scale. That is where Project Acacia matters. The RBA’s latest Payments System Board report confirms that tokenised assets, digital money and improved settlement infrastructure could make Australia’s wholesale financial markets more efficient and functional. Just as importantly, the work is moving beyond demonstrations. The next stage includes

Project Acacia is entering its next stage and the focus is shifting from experimentation to infrastructure. On 27 August, the RBA’s Payments System Board endorsed a proposed consultation on how the Reserve Bank Information and Transfer System (RITS) could support tokenised wholesale asset markets and tokenised money. This follows Project Acacia’s testing of 20 tokenised-market use cases, including settlement through traditional exchange settlement account balances, a pilot wh

Australia’s blockchain conversation is maturing. The Reserve Bank of Australia and the Digital Finance CRC have released findings from Project Acacia, a research project exploring how tokenised assets, digital money and new settlement infrastructure could improve Australia’s wholesale financial markets. The key message is clear: tokenisation is no longer just a crypto concept. It is being tested as part of the future of financial market infrastructure. The opportunity is real