HASH ELEVENS

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