The Reserve Bank of Australia (RBA) announced on Thursday a significant step forward in developing a wholesale central bank digital currency (CBDC), launching “Project Acacia” in collaboration with industry partners. The initiative will test 19 pilot programs using real money and assets for the first time, alongside five proof-of-concept trials involving simulated transactions.
The trials span various asset classes, including fixed income, private markets, trade receivables, and carbon credits. Settlement methods will explore CBDCs, stablecoins, bank deposit tokens, and innovative applications of existing commercial bank deposits held at the RBA. Testing will occur over the next six months using platforms such as Hedera, Redbelly, R3 Corda, and Canvas Connect, with a final report expected in the first half of 2026.
RBA Assistant Governor Brad Jones said the selected use cases will help assess how both central bank and private digital money, alongside payments infrastructure, could enhance Australia's wholesale financial markets. The RBA remains focused on wholesale applications, having found limited economic justification for a retail digital currency. Expected benefits include lower risks, improved transparency, better collateral efficiency, and cost reductions.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about rba advances wholesale cbdc trials with industry partners was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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