<ul data-eligibleForWebStory="false"><li>Australia has launched a six-month trial of tokenized assets, stablecoins, and a wholesale CBDC in collaboration with the Digital Finance Cooperative Research Centre.</li><li>The initiative, part of Project Acacia's second phase, involves 24 use cases with banks, fintechs, and blockchain firms participating, including major Australian banks CBA, ANZ, and Westpac.</li><li>Use cases span across repo markets, private credit, carbon markets, and government securities, with specific focuses on digital currencies in repo transactions and tokenized trade payables.</li><li>The trial, supported by regulatory exemptions from ASIC, aims to understand how tokenization could impact liquidity, risk, and settlement in institutional finance, with findings expected in early 2026.</li></ul>

Australia Launches Six-Month Trial of Tokenized Money and Wholesale CBDC

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