Australia Lays Foundation for Tokenized Asset Market Following RBA Project

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Goldmoney reports that on March 26, the Reserve Bank of Australia (RBA) stated that tokenization is no longer a question of “whether to implement” but rather “how to implement” after outlining the next steps of its “Project Acacia” research plan.
Regulatory agencies, including the Reserve Bank of Australia, the Australian Securities and Investments Commission (ASIC), and AUSTRAC (Australian Transaction Reports and Analysis Centre), are currently coordinating on the legal and regulatory framework for tokenized assets and settlement systems.
BTC Markets told Decrypt that establishing a long-term regulatory sandbox and strengthening regulatory coordination could help promote institutional investor participation in the tokenized market.

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