The Reserve Bank of Australia will trial wholesale CBDC for asset tokenization in 2025

2024-11-10 11:18:51

Collection

ChainCatcher news, according to Ledger Insights, the Reserve Bank of Australia (RBA) has engaged in discussions with the Digital Finance Cooperative Research Centre (DFCRC) regarding wholesale CBDC and asset tokenization, with a response deadline of December 11.

As part of Project Acacia, the RBA invites industry members to provide feedback and participate in trials for wholesale tokenization use cases in 2025, and may also join an industry advisory group. In addition to wholesale CBDC, Project Acacia will also explore the use of private forms of digital currency, including tokenized deposits.

Previous RBA and DFCRC CBDC experiments covered both wholesale and retail CBDC, which were issued on infrastructure controlled by the RBA. In the latest trial, the RBA will consider issuing a pilot wCBDC on third-party blockchain networks, similar to Switzerland's Project Helvetia. The current phase of Project Acacia will focus on domestic wholesale settlement.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.