Australia eAUD (Digital Australian Dollar)

According to the Reserve Bank of Australia (RBA), the Australian CBDC Pilot for Digital Finance Innovation ran from January to April 2023, issuing a pilot eAUD as a real legal liability on a private, permissioned Ethereum (Quorum) platform. The pilot tested 10-12 industry use cases with both retail and wholesale applications, focusing on programmability and smart contracts. All eAUD was redeemed and burned at the pilot's conclusion. In July 2025, RBA and DFCRC announced Project Acacia to explore wholesale CBDC for tokenised asset markets including fixed income, private markets, trade receivables, and carbon credits. Project Acacia involves 24 use cases (19 pilots with real money, 5 proofs-of-concept) using pilot wholesale CBDC, stablecoins, and bank deposit tokens on platforms like Hedera, Redbelly Network, R3 Corda, Canvas Connect, and EVM-compatible networks. Supported by ASIC, APRA, and Treasury, the project aligns with the Government's March 2025 Statement on Developing an Innovative Australian Digital Asset Industry. Participants include Commonwealth Bank, Westpac, J.P. Morgan, HQLAX, Fireblocks, and Northern Trust. Testing ran over six months from July 2025, with an RBA report planned for Q1 2026.

Updated: Apr 7, 2026