#Australia Launches #CBDC Trial Testing Stablecoins and Bank Deposit #Tokens


The Reserve Bank of Australia has begun phase two of Project Acacia, testing digital currencies for wholesale financial markets.


The six-month trial involves stablecoins, bank deposit tokens, and pilot wholesale central bank digital currency across 24 use cases.


Commonwealth Bank, ANZ, and Westpac join diverse organizations testing 19 real money transactions and five proof-of-concept simulations.


CBA partners with JPMorgan to evaluate digital currencies and collateral records for greater repo market efficiency and liquidity.


ANZ leads tokenized trade payables testing, addressing supplier working capital and cash flow challenges.


The Australian Securities and Investments Commission granted regulatory relief, allowing participants to trial assets outside current law.


The tests cover fixed income, private markets, trade receivables, carbon credits, and new bank account applications at RBA.


Results publication is expected in the first quarter of 2026 as Australia develops a comprehensive #crypto regulatory framework under the Labor government.


Major banks previously faced de-banking issues with #crypto firms, prompting government consultation on industry relationships.

image
July 10, 2025 at 1:01 PM