Project Acacia is a research project being led by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre to explore how different forms of digital money and associated infrastructure could support the development of wholesale tokenised asset markets in Australia.
Industry Advisory Group
The Industry Advisory Group has been established to provide advice on the project pathway, findings and future research opportunities.
Meeting 8 April 2025
The Industry Advisory Group for Project Acacia had its second meeting on 8 April. Members received an update on the project’s progress from the project team and discussed recent international developments relevant to digital assets and digital money, including the progress of draft US legislation for a federal regulatory framework for stablecoins. The Group also discussed some of the financial, technology and legal issues relevant for central banks considering issuance of wholesale CBDC. This included a discussion of options for interoperability across different networks or blockchains and the implications for tokenised asset markets and the evolution of money if wholesale CBDC were issued on some asset blockchains but not others.
Meeting 3 March 2025
The Industry Advisory Group for Project Acacia had its first meeting on 3 March. Members received an update on the project’s progress from the project team. Members also had an extended discussion on the issues relevant for central banks such as the RBA when considering whether to issue tokenised settlement balances (sometimes called wholesale central bank digital currency, or wCBDC) on an external (non-RBA operated) platform. The RBA and project team are still considering this question and will keep prospective participants in Project Acacia informed as appropriate.
Previous IAG Material
Initial Consultation
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