According to a report by Deep Tide TechFlow, the latest research announced at the Australian Digital Economy Conference indicates that Australia could contribute up to 1% annual GDP growth to the national economy through digital financial innovation and tokenization. The research shows that the foreign exchange market is the largest opportunity, valued at approximately $4.8 billion, followed by cross-border payments ($7.6 billion).
However, researchers warn that at the current rate of development, Australia can only achieve an annual economic gain of about $1.8 billion by 2030, far below the potential total of $19 billion. Talis Putnins, chief scientist at the Digital Financial Cooperation Research Center, stated that Australia is at a critical crossroads.
