Australian CBDC might be helpful for funds, tokenization, says RBA

Australia’s central financial institution has accomplished it is pilot of a central financial institution digital forex (CBDC) exploring use instances for a possible e-AUD, discovering its helpful in 4 important areas together with enabling complicated funds and asset tokenization.

The Reserve Financial institution of Australia (RBA) and the Digital Finance Cooperative Analysis Centre (DFCRC) unveiled their findings in an Aug. 23 report that additionally detailed plenty of instances the place a CBDC wasn’t solely required to attain the said use case.

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