The Reserve Bank of Australia (RBA) estimates that asset and currency tokenization could deliver efficiency gains of approximately AUD 24 billion (USD 16.7 billion) annually to the Australian economy. The RBA has shifted its focus from "whether to proceed" to "how to implement" these technologies. Assistant Governor Brad Jones highlighted in the Project Acacia report that stablecoins and bank deposit tokens will play complementary roles in a tokenized system, with stablecoins suited for smaller emerging markets and bank deposit tokens more significant in larger markets. The project tested 20 use cases, including government bonds, corporate bonds, repos, and investment funds, utilizing four settlement methods: wholesale CBDC, transaction settlement account balances, stablecoins, and deposit tokens. The RBA also announced plans to launch a digital financial market infrastructure sandbox, establish a regulatory and industry tokenization advisory group, and expand the deposit token working group to address legal and regulatory uncertainties, network effects, and coordination challenges. The RBA noted that while a wholesale CBDC "may be helpful, it is not necessary."