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 into the use cases they ran.

Showing 76 of 76 participants
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.

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. Atomic DvP was orchestrated across Gravital, Kinexys and HQLAx ledgers.

Structured finance tech

NotCentralised

Lead Participant

Tokenised a structured-finance security backed by loans on Redbelly. Atomic repayment plus collateral release used a wCBDC-backed payment token.

Asset originator

ProspEx Group

Lead Participant

Fractionalised mining royalty interests on public Ethereum. Smart-contract escrow held funds until a minimum subscription threshold was hit.

Digital asset firm

Zerocap

Lead Participant

Ran a full AGB lifecycle on XRP Ledger that paired a central limit order book with an AMM. Settled 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.

Prudential regulator

Australian Prudential Regulation Authority

Authority

CFR partner agency. Engaged on prudential treatment of tokenised money, deposit tokens and digital assets held by banks and super funds.

Markets & conduct regulator

Australian Securities and Investments Commission

Authority

CFR partner agency. Granted class relief from licensing requirements for pilot participants and contributed to the Steering Committee.

Policy

Australian Treasury

Authority

CFR partner agency on the Steering Committee. Leads policy work on the Digital Assets Framework and tokenised SVF regime.

Law firm

Allens

Collaborator

Acacia support partner providing legal expertise across the project.

Advisory

EY

Collaborator

Acacia support partner providing advisory and analytical capability across the project.

DLT infrastructure

Kaleido

Collaborator

Acacia support partner providing DLT infrastructure and tooling.

Law firm

Ashurst Australia

Collaborator

Legal support partner to the Deposit Token Working Group chaired by the DFCRC.

Bond markets

Fieldrock Pty Ltd

Collaborator

Collaborator on the Australian Bond Exchange tokenised corporate bond pilot.

Advisor

Dr. Rand Low

Collaborator

Independent advisor and academic collaborator on the ABE corporate bond pilot.

Debt CSD

Austraclear

Infrastructure

ASX-operated central securities depository for Australian wholesale debt securities. Approved RTGS system under the PSNA.

Law firm

King & Wood Mallesons

Collaborator

Legal collaborator on the ANZ tokenised corporate bond proof of concept.

Corporate

Global Packaging Company

Collaborator

Corporate counterparty for the ANZ tokenised trade payable proof of concept.

Wealth platform

Netwealth Group Limited

Collaborator

Wealth management platform collaborating on the ANZ trade payable proof of concept.

Messaging

MessageXchange

Collaborator

Australian messaging and e-invoicing service. Collaborator on the ANZ tokenised trade payable PoC.

Research partner

RMIT University

Collaborator

Academic research collaborator on the ANZ tokenised trade payable PoC.

Stablecoin issuer

AUDD Digital

Collaborator

Issuer of the AUDD AUD-referenced stablecoin used in the AP+ token interchange pilot.

Exchange & CSD operator

Australian Securities Exchange (ASX)

Infrastructure

Operator of CHESS, Austraclear and listed markets. Collaborator on the CBA intraday repo PoC for cross-platform interoperability.

Bank

J.P. Morgan

Collaborator

Provider of the Kinexys Digital Asset platform used in the CBA intraday repo PoC, and custodian for the Zerocap government bond pilot.

Digital asset exchange

CoinSpot

Collaborator

Digital asset exchange collaborating on the Forte tokenised government bond pilot.

Superannuation fund

Commonwealth Superannuation Corporation

Collaborator

Superannuation fund for Australian Government and Defence Force employees. Collaborator on the Northern Trust carbon credits PoC.

Wealth platform

BT Panorama

Collaborator

Westpac-owned wealth management platform. Collaborator on the Northern Trust carbon credits PoC.

Trustee

AMAL Trustees Pty Ltd

Collaborator

Specialist trustee. Collaborator on the NotCentralised structured-finance pilot.

Venture capital

Beachhead Venture Capital Pty Ltd

Collaborator

Venture investor. Collaborator on the NotCentralised structured-finance pilot.

Consumer lender

Wisr Pty Ltd

Collaborator

Australian consumer lender whose loans formed the underlying pool for the NotCentralised structured-finance security.

Oracle network

Chainlink Labs

Collaborator

Provider of oracle and cross-chain infrastructure. Collaborator on the Zerocap government bond pilot and the Westpac PayTo PoC.

Cybersecurity

QuintessenceLabs

Collaborator

Australian cybersecurity firm providing quantum-resistant key infrastructure. Collaborator on the Westpac term deposit PoC.

FX

Bano Pty Ltd

Collaborator

FX collaborator on the Zerocap tokenised government bond pilot.

Broker

BGC Brokers LP

Collaborator

Inter-dealer broker that held custody of the underlying bond via JPMorgan in the Zerocap pilot.

XRP Ledger steward

Ripple Labs Inc.

Collaborator

Steward of the XRP Ledger and issuer of RLUSD. Collaborator on the Zerocap government bond pilot.

Brokerage

Stormrake Pty Ltd

Collaborator

Australian brokerage collaborator on the Zerocap government bond pilot.

Exchange operator

VBS Exchange Pty Ltd

Collaborator

Exchange operator collaborator on the Zerocap government bond pilot.

Advisor

Dr. Oleksii Konashevych

Collaborator

Individual researcher contributor listed among Industry Use Case Participants.