The Australian Central Bank said on Thursday that it moves to the next stage of digital currency exploration, starting a trial on how digital money and toketenization can support wholesale financial markets.
Australian Reserve Bank (RBA) he said In a statement on Thursday, that Stablecouins, Central Bank (CBDC) digital currencies (CBDC), will be used by partners participating in the process.
The study is the second phase of Project Acacia, a joint RBA initiative and Digital Finance Cooperative Research Center announced in November last year.
The varied scope of the organization, from local fintech companies to the main banks, to test 24 utilize cases, of which 19 will include real money and five evidence of concepts covering simulated transactions.
These tests would include a number of asset classes, including enduring income, private markets, commercial receivables, coal loans and surveying recent ways to utilize bank accounts in RBA.
This phase is expected to last six months, and the results were published in the first quarter of 2026.
Main banks on board the cryptographic test
Three of the four main Australian banks are part of the pilot: The Commonwealth Bank (CBA), Australia and Fresh Zealand Banking Group (ANA) and Westpac Banking Corporation.
CBA he said It will work with JPMorgan to assess how digital currencies and security entries can ensure greater efficiency and liquidity at a lower risk on the repo market.
“The repo market, with a key role in managing liquidity and implementation of monetary policy, is an ideal starting point for this exploration,” said Sophie Gilder, CBA managing director for blockchain and digital assets.
Repo market include Compact -term loans and funds of funds, secured by government securities, in which one of the parties sells the security of another page and agrees to buy it back later at a higher price.
Anz is leading The bank stated that testing cases of utilize for tokenized commercial liabilities, which aim to meet the challenges of working capital and cash flows, which suppliers are facing.
He will also conduct a toxized case of enduring income utilize, examining wholesale CBDC as tokenized money to facilitate credit settlement and liquidity without risk.
Green featherlight from regulators
Australia Market regulator, Australian Securities and Investment Commission, gave the participants relief from certain provisions so that they could consider the assets that are currently outside the law, according to the RBA.
Commissioner Asic Kate O’Rourke said in a statement that the agency “sees useful conclusions of technologies underlying digital assets on wholesale markets.”
“The relief from the regulatory requirements that we have announced today will allow you to reasonably test these technologies – examine the possibilities and identify and solve the risk.”
Current regulation of cryptocurrencies in Australia
According to the ruling Labor Party at the Work Center, the Australian government proposed a recent cryptographic framework regulating stock exchanges in accordance with the existing provisions regarding financial services in March.
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The government also promised to cooperate with the four largest banks in Australia to better understand the scope and character of de-banking.
In August 2022, the government initiated a series of industry consultations in order to develop cryptocurrency regulatory framework.
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