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 digital asset sector is moving into a more regulated phase. ASIC has released its roadmap for implementing the new digital assets law reforms, following the passage of the Corporations Amendment (Digital Assets Framework) Act 2026. The new regime is expected to commence in April 2027 and will bring Digital Asset Platforms and Tokenised Custody Platforms into the financial services licensing framework. For crypto exchanges, custody providers, tokenised asset platfo