The market cap of cryptocurrencies is $1 trillion. But real-world assets are valued at $800 trillion. How much could be “tokenised” onto blockchains to create efficiencies?
New analysis suggests the eAUD, Australia’s proposed central bank digital currency, could offer big savings across the financial system by cutting collateral and capital held against settlement risk.
A central bank digital dollar could slice costs for small business, including claiming GST and making SuperStream payments. But this will require law reform.
Imperium Markets says it will use the RBA digital currency pilot to shift T+2 settlement in the $1.5 trillion bond market to T+0, cutting investing costs.