Reserve Bank of Australia Project Acacia WCBDC Update (DFCRC)
The Digital Finance Cooperative Research Centre (DFCRC), a joint enterprise of the Australian Treasury, Reserve Bank of Australia (RBA), academic institutions, banks and other Australian private sector financial organizations, published an update on its wholesale central bank digital currency (CBDC) backed asset tokenization experiments. There are currently about five proof-of-concept and about twenty pilot tokenization experiments being considered, and they are considering four different networks for the CBDC, one of them being public permissioned (Redbelly). On the private permissioned side, they are looking at Ethereum (or EVM-compatible), Hedera, and R3 Corda. [Read more at the DFCRC]
Open source software and central bank digital currency (LFDT)
The Linux Foundation Decentralized Trust (LFDT) published a report on open source development’s role in central bank projects, and examples of the tech in action in CBDC implementations around the world. LFDT is the umbrella organization launched in September 2024 for the open development of a broad range of ledger, identity, security, interoperability, scale, implementation, and related technologies at the Linux Foundation. It encompasses the growing portfolio of Hyperledger projects and hosts new open source software, communities, standards, and specifications that are critical to the macro shift toward decentralized systems of distributed trust. [Read the report at LFDT]
Mapping the stablecoin sector (Coinmetrics)
Coinmetrics published a report that report that examines the stablecoin sector, now over $230 billion in total market cap, and break down the wide range of stablecoin types, reserve models, issuing entities, and blockchain networks facilitating their use. It maps the evolving stablecoin landscape, identify key use cases, and assess the opportunities and risks that lie ahead. [Read more at Coinmetrics]
Upcoming Speaking Engagements:
The CB+DC Conference (Nassau, Bahamas, September 9-11) is a premier gathering centered on CBDCs, tokenized assets, and stablecoins. It provides a forum for central bankers, commercial bankers, technology innovators, policymakers, and academics to explore the latest advancements in digital currency, engage with experts and peers, and discuss the future of digital currency. [Register here but before you do, email me at john@kiffmeister.com for a 15% discount]
And just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at john@kiffmeister.com.
