The Acacia project is a collaborative initiative between the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre to promote the development of the crypto asset market in Australia.
The project integrates distributed ledger technology (DLT) platforms like Hedera to test real transactions, while helping the Australian government lead in the application of digital currency and modern payment platforms.
MAIN CONTENT
Hedera participates in the Acacia project to enhance digital asset transactions in Australia.
RBA collaborates with several advanced DLT platforms to experiment with the central bank digital currency (CBDC).
The project promotes innovation in financial technology and enhances efficiency and security for the wholesale financial market.
What contribution has Hedera made in the Reserve Bank of Australia's Acacia project?
Hedera uses proprietary Hashgraph technology to accelerate transaction speed, security, and efficiency, enabling the Acacia project to experiment with real transactions related to crypto assets and digital currencies in the Australian market.
Based on the experience of developing an enterprise-grade distributed ledger platform, Hedera contributes to integrating new payment methods with existing infrastructure, supporting optimization and transparency in large financial transactions. The choice of Hedera reflects RBA's trust in this advanced technology.
What does Australia hope to achieve through this collaborative event?
The Australian government aims to promote research and application of advanced DLT through the Acacia project to become a leading nation in digital asset payments and tokenized markets.
RBA's invitation to Hedera and other platforms reflects a determination to create a safe, efficient digital financial ecosystem for the future. This is also an important step for Australia to achieve a leading position in financial innovation and legal aspects related to digital currency.
"Project Acacia will facilitate collaboration between businesses and regulators, thereby reshaping the financial services industry, increasing operational efficiency, and driving economic growth."
Philip Lowe, Governor of the Reserve Bank of Australia, 10/7/2025
Which organizations and platforms are participating in the Acacia project?
In addition to Hedera, the Acacia project brings together several leading blockchain and DLT platforms to experiment with the central bank digital currency and new financial applications.
Redbelly Network: A regulatory-compliant blockchain platform specializing in on-chain real asset tokenization.
R3 Corda: A DLT platform connecting global markets, supporting asset and currency tokenization.
Canvas Connect: A ZK Layer-2 network focused on security and privacy for digital finance.
EVM-compatible Network: A blockchain capable of running the Ethereum Virtual Machine and executing Ethereum Smart Contracts.
The diversity of participating platforms gives the Acacia project the potential for comprehensive experimentation across many technological and legal aspects, increasing reliability and practical applicability.
How will the Acacia project impact the financial sector in Australia?
The Acacia project opens up opportunities for direct collaboration between regulators and the financial industry, thus establishing new standards for digital transactions and payments in the wholesale market.
Transparent mechanisms and risk mitigation through modern DLT platforms will contribute to sustainable growth and innovation, helping Australia maintain its pioneering position in digital finance in the region.
"Participating organizations will explore opportunities and address risks related to the digital asset space, contributing to the creation of a transparent and secure financial system."
Australian Securities and Investments Commission (ASIC), 7/2025
Can a comparison table of DLT platforms participating in the Acacia project be provided?
Platform | Core Expertise | Notable Technology | Application in Acacia Hedera | Fast, secure, efficient | Hashgraph | Testing digital asset transactions and payments Redbelly Network | Legal compliance real asset tokenization | Blockchain compliant | On-chain asset tokenization R3 Corda | Connecting global markets, asset tokenization | DLT | Digital currency payments and issuance Canvas Connect | Security, financial privacy | ZK Layer-2 Network | Transaction information protection EVM Network | Executing Ethereum Smart Contracts | Ethereum Virtual Machine | Developing DApps and smart contracts
Frequently Asked Questions
What is the Acacia project? A collaboration project of RBA and DFCRC aimed at developing the crypto asset and digital currency market in Australia through DLT technology. Why was Hedera chosen to participate in the project? Hedera provides Hashgraph technology that enables fast, secure, and efficient transactions, suitable for wholesale market requirements. What highlights do other platforms participating in the project have? Each platform plays its own role, from legal compliance, privacy security to market connectivity and Smart Contract execution. What benefits does the Acacia project bring to the Australian financial sector? It helps increase operational efficiency, transparency, reduces risks, and promotes innovation in the wholesale financial sector. When did the Acacia project start and how is it progressing? The collaboration project started in mid-2025, currently conducting real transaction trials to assess technological effectiveness.
Source: https://tintucbitcoin.com/hedera-hop-tac-acacia-phat-trien-tai-chinh/
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