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Australia has greenlit 24 tokenized asset pilots under Project Acacia, involving major banks and fintechs. The initiative will test blockchain-based settlements using CBDCs and stablecoins, marking a significant step in institutional digital finance.
- Project Acacia involves 24 pilots testing tokenized assets, including real-money transactions and proof-of-concept cases.
- Major banks (ANZ, CBA, Westpac) and fintechs (Fireblocks, Zerocap) will participate in blockchain-based settlements.
- Critics warn the project prioritizes centralized systems, potentially stifling decentralized blockchain innovation.
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Other Tags: Hedera, Kadan Stadelmann, ANZ, ASIC, Blockchain, CBDC, Commonwealth Bank of Australia, Fireblocks, Reserve Bank of Australia