The Australian Government announced an ambitious whole-of-government approach to regulating and integrating digital assets into the broader economy, inspired by work done in the European Union (EU) and Singapore.
In a white paper published by the Australian Treasury, the country’s government says it will embrace tokenization, real-world assets (RWAs), and central bank digital currencies (CBDCs) as part of a broader push to modernize its financial system.
While ruling out a retail CBDC for now, the government sees a wholesale CBDC version and tokenized settlement infrastructure as key to unlocking market efficiency and broader asset access.
The government says that the Australian Treasury, the Australian Securities and Investment Commission, as well as the Reserve Bank of Australia are planning to launch pilot trials that use tokenized money, including stablecoins, to settle transactions in wholesale tokenized markets.
“Markets for…
