Australia's Project Acacia is testing the benefits of digital assets like CBDCs, stablecoins, and tokenized assets through 24 use cases, including real-money trials.
Major Australian banks like Commonwealth Bank, ANZ, and Westpac are actively participating in Project Acacia, collaborating with partners such as JPMorgan.
Australia is delving deeper into the digital finance space with the Reserve Bank of Australia officially entering the new phase of Project Acacia.
The results of the six-month testing phase are expected to be published in the first quarter of 2026, with implications for the future of CBDCs and tokenized asset markets globally.