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BTC Markets Files for RWA Trading License in Australia

Bitcoin News

Australian crypto exchange BTC Markets has formally notified the Australian Securities and Investments Commission of its intention to apply for a markets license to offer regulated tokenized real-world assets to the public.

The move positions the exchange to join a growing list of platforms pushing into regulated tokenized finance.

"Our plan is to obtain licensing infrastructure that enables particular types of tokenized assets to be offered and available to the public," BTC Markets CEO Lucas Dobbins said Monday. He described a future in which tokenized equities, bonds, and RWAs trade alongside cryptocurrencies on continuously operating markets with instant settlement.

Dobbins said the roughly $26 billion in tokenized assets on-chain today is "really just the proof of concept." Conservative projections put tokenized markets at around $2 trillion by 2030, while Boston Consulting Group has estimated the opportunity could reach $16 trillion. Institutions such as BlackRock, Goldman Sachs, and JPMorgan are already building products in the space, he noted.