‘Tokenised’ assets could save markets $17b a year: RBA

The Reserve Bank of Australia says creating real-world financial assets in a “tokenised” form could unlock billions of dollars in annual savings for banks and other financial institutions by streamlining settlement processes and automating registries.

The RBA is in the early stages of planning for a project to assess how different forms of digital money, including “central bank digital currency” (CBDC) and bank-issued stablecoins, could support the development of tokenised asset markets in Australia.