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Project Acacia

Sector: Financial Services • Location: Sydney, Australia

Source: AFR

Project
Under Development

Project Acacia is an initiative by the Reserve Bank of Australia to test new types of digitised money and settlement infrastructure using tokenised assets on blockchain technology. The project involved 14 pilot transactions with market participants, including three major banks, to explore the potential of tokenised asset markets for instant settlement and reduced market risk.

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Project Information

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The project “Project Acacia” is an infrastructure initiative in the Financial Services sector, located in Sydney, Australia. Taiyo aggregates data on it from AFR.

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Participants

Sponsoring Agency

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Company

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Status

Original status

under development

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

Project Acacia is an initiative by the Reserve Bank of Australia to test new types of digitised money and settlement infrastructure using tokenised assets on blockchain technology. The project involved 14 pilot transactions with market participants, including three major banks, to explore the potential of tokenised asset markets for instant settlement and reduced market risk.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Budget

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Location

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

obfuscated_data,obfuscateddata.com

More Details

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Article Published Date

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