The Reserve Bank of Australia is backing the real-world asset (RWA) tokenization sector, citing analysis that suggests it could add $16.7 billion annually to the economy. Assistant Governor Brad Jones highlighted findings from Project Acacia, noting that tokenized finance and infrastructure upgrades could be 'revolutionary.'
McKinsey & Company forecasts that tokenized assets could reach $2 trillion by 2030. The RBA plans to explore a new digital financial market infrastructure sandbox, aiming to test and scale tokenized money and assets in a controlled environment.
The RWA onchain value hit a record $27.5 billion last week, surging 234% over the past year despite the broader crypto bear market.
