Appendix 2 · Participants

Everyone who shipped a piece of Acacia.

Companies, platforms and authorities behind Acacia - lead participants, DLT networks, distributors and regulators. Filter by role or project tag, or jump from a participant straight into the use cases they ran.

Showing 29 of 29 participants
Bond marketplace

Australian Bond Exchange

Lead Participant

Operated a tokenised corporate bond secondary-market pilot with wCBDC settlement on Redbelly, including near-instant issuer–investor communications.

Bank

ANZ

Lead Participant

Major Australian bank that led two use cases on a private ZK L2 (Validium), and also acted as a wCBDC distributor across the pilot.

Payments utility

AP+ (Australian Payments Plus)

Lead Participant

Designed and tested industry-utility patterns: NPP/FSS integration with tokenised money, and a multi-issuer interchange service on Hedera + HashSphere.

Tokenisation platform

Canvas

Lead Participant

Led two pilots on Canvas Connect (L2): tokenised Australian Government bonds with collateralised lending/repo and a tokenised private credit SPV.

Bank

Commonwealth Bank (CBA)

Lead Participant

Tested intraday repo on a deposit token with wCBDC interchange, orchestrating atomic DvP across Gravital, Kinexys and HQLAx ledgers.

Digital asset infrastructure

Fireblocks

Lead Participant

Demonstrated 'singleness' smart contracts that atomically interchange between issuer-specific stablecoins and wCBDC inside a single bond-settlement transaction.

Tokenisation tech

Forte Tech Solutions

Lead Participant

Tokenised Australian Government bonds as digital twins on public Ethereum, settled atomically against the AUDF stablecoin backed in an ESA account.

Tokenisation platform

Macropod

Lead Participant

Issued tokenised managed-fund units and a corporate bond on Redbelly, with AUDM stablecoin settlement via the Tokeniser/Imperium platforms.

Custody bank

Northern Trust

Lead Participant

Demonstrated synchronised DvP of tokenised carbon credits on Matrix Zenith, with SWIFT MT messaging coordinating HVCS cash settlement across ESAs.

Structured finance tech

NotCentralised

Lead Participant

Tokenised a structured-finance security backed by loans on Redbelly, demonstrating atomic repayment + collateral release with a wCBDC-backed payment token.

Asset originator

ProspEx Group

Lead Participant

Fractionalised mining royalty interests on public Ethereum with smart-contract escrow and conditional settlement above a subscription threshold.

Bank

Westpac

Lead Participant

Used the NPP PayTo Biller service and RITS Fast Settlement Service to deliver atomic-like settlement of tokenised term deposits on a chain-agnostic design.

Digital asset firm

Zerocap

Lead Participant

Ran a full AGB lifecycle on XRP Ledger combining a central limit order book with an AMM, settling in the RLUSD stablecoin.

Public-permissioned DLT

XRP Ledger

DLT Platform

Used by Zerocap for its AGB lifecycle pilot with a CLOB plus AMM and RLUSD settlement.

Private DLT

Matrix Zenith (Hyperledger Besu)

DLT Platform

Permissioned Besu-based network used by Northern Trust to record tokenised carbon credits and synchronise with SWIFT-coordinated cash legs.

Bank DLT platform

Kinexys (J.P. Morgan)

DLT Platform

JP Morgan's Kinexys Digital Asset platform; one of the ledgers in CBA's cross-chain intraday repo experiment.

Collateral platform

HQLAx

DLT Platform

Securities mobility platform integrated into CBA's intraday repo flow alongside Gravital and Kinexys.

Tokenisation platform

Gravital

DLT Platform

Trade-execution and deposit-token ledger anchoring CBA's three-ledger orchestrated DvP design.

Central bank

Reserve Bank of Australia

Authority

Issued pilot wCBDC, operated RITS/FSS for off-chain settlement legs, and co-led Project Acacia with the DFCRC.

Research consortium

Digital Finance CRC

Authority

Co-led Project Acacia, ran research workshops, and synthesised participant findings into the final report.

AML/CTF regulator

AUSTRAC

Authority

Granted targeted exemptions under the AML/CTF Act so participants could conduct pilot transactions with real value.

Distributor

Banking Circle Australia

Distributor

One of three approved distributors of pilot wCBDC to non-ESA-holding participants, alongside ANZ and Cuscal.

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