Hedera takes part in the Australian StableCoin research project “Acacia”
- Hedera and 23 other companies test 19 cryptocurrencies for the token markets in wholesale for six months.
- RBA, ASIC and APRA support the efforts in which stable coins, CBDCs and banktots are tested in the real world of the financial system.
Hedera Hat itself officially the acacia project connecteda research project under the leadership of the Reserve Bank of Australia (RBA) in cooperation with the Digital Finance Cooperative Research Center (DFCRC). The project aims to examine the future of the digital currency and its use on the Australian market for TokenZed Assets.
Hedera is now one of the selected participants who work with regulatory authorities and private parties to test new financial processing models.
We’re excited to see @Hedera join Project Acacia, led by @RBAInfoAustralia’s Central Bank, and the DFCRC
Here they’ll explore how digital money like stablecoins can support the development of Australian wholesale tokenized asset markets:https://t.co/pBdWI77Oop
– Hyda Fundation (@hadafnl) July 10, 2025
The Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA) and the Ministry of Finance support the project and together form the project committee of the project, which monitors further work.
The intake of Hedera reflects the efforts of the regulatory authorities and the private sector to test how different forms of digital currencies, including stable coins, could behave under realistic conditions in a heavily regulated environment.
The selection process led to 24 applications accepted with reservation. Nineteen of them are carried out with real money and, while five transactions are simulated. The scenarios will cover various assets, including fixed -interest products, private markets, emission credits and commercial claims. This initiates a new phase of testing digital infrastructures with specific applications.
Grand banks participate in the experiment via several platforms
To support the phase, ASIC has granted regulatory relief by loosening the compliance restrictions for participants in the pilot phase. This temporary relief enables institutes to take part in testing tokenized financial investments and in some cases of digital central bank currencies (CBDCs). The tests will run in the next six months and the results are expected for early 2026.
Pilot large-scale customer CBDCs will be released via several digital Ledger platforms. In addition to Hedera, Redbelly Network, R3 Corda, Canvas Connect and various EVM-compatible systems include. The platforms will support transaction attempts and enable the regulatory authorities to evaluate real -time functionality and possible integration into existing financial systems.
The participants include the most important Australian banks and fintech companies such as the Commonwealth Bank of Australia, Westpac, Australia and New Zealand Banking Corporation, Australian Bond Exchange, Northern Trust and Fireblock, each contributing a different application to support the project in the investigation of a broad spectrum of financial activities within a uniform digital framework.
Project Acacia started – RBA and ASIC support the tests
The ACACIA project, which was first presented in a consultation paper in November 2024, has developed into one of the leading research projects in the context of the broadly created policy of the Australian government for digital assets, such as the political Explanation was presented in March 2025. It aims to test not only stable coins, but also deposit tokens from banks and innovative applications from foreign currency processing accounts at RBA.
The deputy governor (financial system) of the RBA, Brad Jones, emphasized the goal of cooperation:
“The ACACIA project is an opportunity for further research into the markets for tokenate assets and the future of money by the public and private sector in Australia.”
He pointed out that the selected applications will enable an assessment of the question of how wholesale market operations could be supported by newly created digital payment systems.
ASIC commissioner Kate O’Rourke pointed out the effects of regulatory flexibility:
“The liberation of regulatory requirements announced today will make it possible to test these technologies sensibly – to explore opportunities and to recognize and cope with risks.”
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