<ul data-eligibleForWebStory="false"><li>The Reserve Bank of Australia has launched Project Acacia in partnership with ASIC to test stablecoins, deposit tokens, and a CBDC in real wholesale markets.</li><li>The pilot involves 24 trials with major banks like Commonwealth, ANZ, and Westpac to explore if tokenisation can reduce costs and intermediaries.</li><li>Tokenisation is gaining momentum, with on-chain RWAs exceeding $25 billion, enabling fractional ownership in markets like real estate and private equity.</li><li>RedBelly Network, an Australian blockchain project, is assisting in Project Acacia to support on-chain tokenisation, showcasing the nation's crypto industry evolution.</li></ul>

RBA Kicks Off Phase Two of Project Acacia with Wholesale CBDC and Tokenisation Trial

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