Australias central bank advances Project Acacia to test CBDC and tokenized asset settlement

By: odaily.com|2025/07/10 16:51:35

Odaily News The Reserve Bank of Australia (RBA) announced on Thursday that its key project Project Acacia is entering the next phase of testing, which will explore how crypto assets and central bank digital currencies (CBDCs) can support the development of the countrys wholesale tokenized asset market. The project plans to test 24 use cases in the next phase, with participants including fintech companies and major banks such as the Commonwealth Bank of Australia, ANZ Bank and Westpac Bank. The tests will cover a variety of settlement assets, including stablecoins, bank deposit tokens and pilot wholesale CBDCs. The Australian Securities and Investments Commission (ASIC) said it would provide regulatory easing to project participants to test tokenized asset transactions. The project is a joint initiative of the Reserve Bank of Australia and the Digital Finance Cooperative Research Center, and is an important part of the Australian governments fit for purpose digital asset framework. (The Block)

The report believes that stablecoins will strengthen the dominance of the US dollar in the short term, posing risks to the monetary sovereignty of emerging markets and developing economies, while the long-term trajectory will depend on their adoption models, regulatory responses, and the synergy of ...

Interview with macro master Raoul Pal: The AI competition is giving rise to an "economic singularity," don't easily give up your chips in the next four years

Compared to Nasdaq, Bitcoin is currently in a severely oversold position within its long-term trend.

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times his investment in storage stocks? (Six) - The Trap of Homogeneous Products

In-depth analysis of the cyclical curse of storage stocks: The short-term windfall brought by AI is unsustainable, and rigid capacity will ultimately backfire on prices. Beware of the "low price-to-earnings ratio" wealth trap at the cyclical peak.

"Trapped in the cryptocurrency world: Don't let the anxiety of missing out force you onto the most dangerous last train."

When global assets reach new highs, cryptocurrency becomes the only uninvited guest.

The broken defense of Solana's guardians: In order to tear apart Hyperliquid, they actually picked up the script that Ethereum once criticized itself?

HYPE surge sparks a battle of giants. Solana's leader angrily criticizes Hyperliquid for being too centralized, while Arthur Hayes counters with a strong rebuttal, betting $100,000.

From Casino Tools to Global Pricing Machines: The NYSE Leader's Perspective on Hyperliquid

"Why can they do it, but we can't?" This rhetorical question not only reveals the anxiety of traditional exchanges but also reflects the subtle and complex game between TradFi and DeFi after perpetual contracts have shifted from being gambling tools to global price discovery infrastructure.

Exclusive Interview with Alpaca CEO: What is the background of the US stock underlying service provider behind Binance and Bitget?

Morning Report | Strategy sold 32 BTC and over 800,000 shares of MSTR last week; Binance officially announced its U.S. stock trading portal; Polymarket reached an exclusive partnership with OneFootball

Overview of Important Market Events on June 1st