ANZ financial institution completes Australian CBDC use case for carbon credit score buying and selling

Australia and New Zealand Banking Group (ANZ) has accomplished its use case within the pilot challenge run by the Reserve Financial institution of Australia (RBA) and Digital Finance Cooperative Analysis Centre utilizing central financial institution digital forex (CBDC). ANZ partnered with Grollo Carbon Ventures (GCV) to commerce carbon credit.

ANZ tokenized Australian Carbon Credit score Items (ACCUs) and GCV used its A$DC stablecoin to commerce carbon credit on a public, permissionless blockchain. Settlement occurred “in close to real-time by way of ANZ good contracts,” the financial institution stated. Australian CBDC was used to again A$DC. ANZ banking companies lead Nigel Dobson stated:

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