Michele Bullock became Governor of the Reserve Bank of Australia in mid September. During a recent interview, she spoke about central bank digital currency (CBDC). She said the recent CBDC pilots reinforced the central bank’s stance that wholesale CBDC would be the next focus. In particular, where a CBDC can support tokenization.
In August the central bank and Digital Finance Cooperative Research Centre (DFCRC) released the results of 16 CBDC pilots spanning wholesale and retail use cases. “This is why we’re embarking upon this next step of looking at tokenised assets,” said Governor Bullock talking about the pilot findings.
“If you tokenise assets, put them on the ledger, can you use CBDC to make that a much more efficient and safer settlement process. For me, the thing that came out of that particular experiment of all the case studies was that that’s a sensible next direction in which to take this,” said the Governor.
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