An Australian consortium comprised of Digital Finance CFC (DFCRC) and Imperium Markets is gearing up for a pilot project to explore the potential benefits of asset tokenization in Australia’s money and debt capital markets. The pilot, scheduled to run until 2026, aims to mitigate industry risks by leveraging blockchain technology. Australia’s money market, which processes over $1 trillion annually, is currently described as analog due to its reliance on manual data inputs that are prone to errors. The consortium plans to use blockchain to provide transparency, mitigate risks, and explore delivery versus payment (DvP) concepts. This move follows global efforts to tokenize money markets, such as JPMorgan and Broadridge’s blockchain repo solutions and the Reserve Bank of India’s wholesale CBDC pilot.
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Australian consortium prepares for pilot exploring money markets, debt tokenization
