NAB Tests Tokenised Deposits With Stablecoins in RBA Trial as Australia’s New Digital Asset Law Takes Hold
National Australia Bank on Friday reported it has trialed issuing and settling a tokenised term deposit using stablecoins, as part of Project Acacia, the digital money initiative with the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre. According to the bank, the proof-of-concept was carried out alongside Imperium Markets, utilizing a marketplace that holds a license from the Australian Securities and Investments Commission. The timing stands out. Parliament’s records confirm the Corporations Amendment Act 2026 was signed into law on April 8, while the RBA announced last month that it plans to release the final Project Acacia report later in April. That means NAB’s update lands just as the regulatory landscape sharpens—and with the central bank about
