Australia Regulators Unveil 11-Point Plan to Expand Tokenized Bond Market
Updated
Updated · Bloomberg · May 18
Australia Regulators Unveil 11-Point Plan to Expand Tokenized Bond Market
1 articles · Updated · Bloomberg · May 18
Australia’s central bank and financial regulators on Monday set out an 11-point program to prepare a broader tokenized bond market in the country’s wholesale financial system.
The plan follows a yearlong industry experiment that found tokenized assets and digital settlement systems could improve efficiency in wholesale markets.
The Reserve Bank is working with ASIC, APRA, Treasury and the Digital Finance Cooperative Research Centre, signaling a coordinated policy push toward deeper financial-system digitization.
Beyond efficiency, how will a 24/7 tokenized financial system reshape the future of banking and investment jobs in Australia?
With A$24 billion at stake, can Australia's regulators solve legal hurdles fast enough to lead the global tokenization race?