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RBA sees big savings and greater efficiency in tokenised assets

Australia’s central bank is open-minded on digital currencies and tokenisation, and is moving to a second pilot for a central bank digital currency.

The RBA says one of the benefits of tokenisation would be increased liquidity.

The digital tokenisation of physical assets and money could increase liquidity, reduce compliance costs and settlement cycles, and save Australian financial markets up to A$17 billion a year, according to the Reserve Bank of Australia.

In a speech yesterday on tokenisation and digital currencies,

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Lachlan Colquhoun Tue, 17 Oct 2023
Contact the Writer: lachlan@nbr.co.nz
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RBA sees big savings and greater efficiency in tokenised assets
Australia,
101276