The Reserve Bank of Australia (RBA) has opened a public consultation to test where its Reserve Bank Information and Transfer System (RITS) might fit in settlement services for the tokenized ecosystem, according to Odaily.
It runs until October 30. The goal is to collect views on how those services might help build Australia's tokenized asset markets and private money, while still keeping financial security, operational efficiency, and stability intact.
In a separate move, the RBA and the Treasury put out a joint report saying Australia's retail payment system is already working well for households and businesses, and that there is no sufficient public interest case for issuing a retail central bank digital currency (CBDC) at this stage.
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