Tokenized Debt Key So Australia Won't Die on Vine, Fintech Says.

Australia is looking to digitize its debt market in order to attract foreign capital and remain globally competitive. Fintech company Imperium Markets is working with the government-backed Digital Finance Cooperative Research Center to study the tokenization of financial instruments and settlements using distributed ledger technology. This would allow for faster and more cost-effective processes. Australia is playing catch up to other countries, such as Hong Kong, that have already sold tokenized bonds. The project is set to begin by June and will initially focus on major banks' negotiable certificates of deposit before expanding to the broader market. [Extracted from the article]