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Australia Accelerates Future of Finance: Major Banks Dive into Phase 2 of Tokenized Asset & CBDC Settlement Trials
Australia Accelerates Future of Finance: Major Banks Dive into Phase 2 of Tokenized Asset & CBDC Settlement Trials
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Australia's financial heavyweights double down on blockchain—testing how tokenized real-world assets and central bank digital currencies could rewrite the rules of money.
Phase two kicks off with banks stress-testing systems that could make cross-border settlements instantaneous—while skeptics wonder if this will finally kill the 9am forex window.
The experiment pushes beyond theoretical pilots into live transactions, with regulators watching closely. Success here could position Australia as the unlikely leader in merging TradFi infrastructure with crypto rails.
One banker anonymously quipped: 'We’re either building the future or a very expensive sandbox.'
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