The Reserve Bank of Australia (RBA) is partnering with the Digital Finance Cooperative Research Centre (DFCRC) to explore new possibilities for wholesale CBDC and asset tokenization. As part of Project Acacia, the RBA invites industry members to provide feedback by December 11 and participate in a wholesale tokenization trial in 2025. In addition to wholesale CBDC, the project will also investigate the application of private digital currencies, such as tokenized deposits.

The RBA plans to pilot the issuance of wCBDC on a third-party blockchain network, similar to Switzerland's Project Helvetia. The current phase focuses on domestic wholesale settlement. 🔍💡