RBA seeks feedback on expanding settlement support for tokenized markets

The Reserve Bank of Australia has launched a consultation on how the central bank’s information and funds transfer systems could be used in the payment and settlement process for the tokenized ecosystem, BlockBeats reported. The consultation is intended to gather stakeholder views on how related services could support Australia’s tokenized asset market and the development of private digital currencies. The RBA had previously studied tokenized-asset settlement using stablecoins, bank-issued deposit tokens and pilot central bank digital currencies through Project Acacia.