Digital Asset Solutions Firm Completes Australia’s First Tokenized Government Bond Investment
Forte Tech Solutions, a digital asset solutions firm, has completed Australia’s first tokenized government bond investment—a US$2 million pilot conducted under the Reserve Bank of Australia’s Project Acacia.
In a what has been described as a first for Australia’s financial sector, Forte Tech Solutions has successfully completed the country’s first tokenized investment in government bonds, executing a US$2 million (AU$3.07 million) pilot under the Reserve Bank of Australia’s (RBA) Project Acacia. The achievement is seen as a significant step toward integrating blockchain-based infrastructure into wholesale financial markets.
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According to a report, Project Acacia is spearheaded by the RBA in collaboration with the Digital Finance Cooperative Research Centre (DFCRC). It is supported by key regulatory bodies, including the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA), and the Treasury. The initiative aims to explore how tokenization and digital money—such as stablecoins and wholesale central bank digital currencies (CBDCs)—can revolutionize settlement systems and enhance market efficiency.
Partnering with Coinspot, Forte Tech Solutions led the initial bond tokenization and implemented a Delivery-versus-Payment (DvP) settlement framework using its AUDF stablecoin. This framework enables on-chain trading with near-instant settlement and significantly reduced transaction costs. The company revealed that its stablecoin currently facilitates approximately $200 million in cross-border payments each month.