NAB Tests Tokenised Deposits With Stablecoins in RBA Trial as Australia’s New Digital Asset Law Takes Hold
National Australia Bank completed a test issuing and maturing a tokenised term deposit using stablecoins under Project Acacia, a digital-money initiative with the Reserve Bank of Australia. The transactions took place on a marketplace licensed by ASIC. The update comes as new digital asset laws take effect and the RBA prepares to release its final Acacia report. NAB said the project highlighted both opportunities and risks for tokenised banking.