Australia could unlock AUD 24 billion (approximately USD 17 billion) annually from tokenized markets and digital assets, but only if the regulatory framework is implemented promptly, according to the report “Unlocking Australia’s $24b Digital Finance Opportunity” published by the Digital Finance Cooperative Research Centre (DFCRC). The study, conducted in collaboration with the Digital Economy Council of Australia and funded by OKX, states that legal uncertainty and lack of testing mechanisms are the main barriers.
DFCRC recommends establishing a sandbox to test tokenized government bonds and wholesale CBDCs, thereby promoting capital markets, mortgage lending, and related financial services. Tokenization is expected to improve liquidity, expand investor access, and automate collateral management through smart contracts.
However, without significant reforms, Australia may only realize AUD 1 billion in economic benefits by 2030, instead of the potential USD 17 billion.
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