Australia could unlock A$24 billion annually from tokenization and digital finance, but significant productivity gains hinge on crucial reforms. A report backed by OKX estimates this potential, driven by efficiencies in foreign exchange, capital markets, and cross-border payments.
However, on its current regulatory path, Australia is projected to capture only A$1 billion by 2030. OKX Australia CEO Kate Cooper emphasized that addressing national productivity, which has been stagnant, is a key government priority.
While some exchanges exit Australia, OKX sees a strategic advantage in its strict licensing and high compliance costs, creating a defensible onshore market position. This approach prioritizes long-term access to concentrated capital, particularly from Australia's large pension funds, over retail trading volume.
Failure to enact appropriate legislation risks Australia missing the digital finance acceleration phase, with capital flowing offshore. The industry is pushing for modernization of licensing, sandboxes, and financial market rules to realize the full potential.
