Australian Tokenisation Pilot Unveiled
Posted by Colin Lambert. Last updated: December 15, 2023
Imperium Markets and Digital Finance CRC (DFCRC) have announced a pilot research project to investigate how the tokenisation of assets and settlements can benefit Australian money markets and debt capital markets.
The new research project, Imperium DFCRC Digital Debt Markets 2026, will, the firms say, provide the opportunity for the market to collaborate and transact in Imperium Market’s ASIC-licensed digital marketplace. They add it will deliver quantifiable data on the reduction of inefficiencies and removal of settlement and operational risks, and demonstrate how real-time data can provide transparency for regulators and market participants and enable research insights into what changes are required for the transformation to digital markets.
“Blockchain and distributed ledger technology is really about the simplification of markets, says Rod Lewis, chair of Imperium Markets. “The current processes are slow and complicated — reliant on outdated technology, phone calls, emails, manual ticketing and spreadsheets. The project aims to demonstrate that tokenisation on distributed ledger technology can democratise access for all participants, connect capital and deliver real-time data so that the markets can reach their full potential.”
DFCRC CEO, Andreas Furche, adds, “The project is an opportunity to work together to test and build transformative digital finance solutions targeting the efficiency improvements in clearing and settlement between wholesale participants, which our recent research work estimates to be in the billions of dollars annually in Australia alone.”