Australian banks and fintechs to test use cases for CBDC

The Reserve Bank of Australia and the Digital Finance CRC have launched a research project to investigate possible use cases and economic benefits of a central bank digital currency in Australia.

14 industry partners have been selected from the applicants covering a number of use bases included asset trading, tokenisation and custodial models.

A report on the project is due to be published mid 2023.

Read more about it on the RBA website