Reserve Bank of Australia Advances Tokenization Roadmap for 24/7 Trading
The Reserve Bank of Australia (RBA) shifts focus to implementing tokenization, aiming for 24/7 trading across asset classes. The RBA confirmed collaboration with the Council of Financial Regulators (CFR) and DFCRC to enhance the stablecoin market and digital economy. Currently, the market cap for Australian dollar stablecoins stands at $10.5 million, with AUDD leading at 98.73%. The growth of tokenization is expected to boost AUD-backed stablecoins and real-world assets.
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The Reserve Bank of Australia (RBA) is progressing towards tokenization, emphasizing implementation over feasibility. At the 'Beyond Tomorrow' forum, Assistant Governor Brad Jones indicated the focus is on how tokenization will be integrated into Australia's financial system to enable 24/7 trading.
The RBA will collaborate with the Council of Financial Regulators (CFR) and DFCRC to support this initiative. The pilot includes various asset classes, such as government bonds and carbon credits. Currently, the market cap for Australian dollar stablecoins is $10.5 million, with AUDD being the dominant token. Tokenization is expected to drive growth in AUD-backed stablecoins and real-world assets.
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This is a meaningful step forward. Moving from tokenization theory to real implementation could reshape how financial markets operate, especially with the potential for 24/7 settlement and broader real-world asset adoption. The key challenge will be building the regulatory and liquidity framework needed to make tokenized markets both efficient and trustworthy.