Chapter 3 · Project Overview

Twenty industry-led experiments, run on real money and real assets.

Phase 2 of Project Acacia ran from August 2025 to February 2026. Twelve pilots used real money. Eight ran as proofs of concept. All were selected for research alignment, potential economic impact, and the participant's capacity to deliver in scope.

Selection funnel
~50
Expressions of interest
40
RFI shortlist
24
Conditionally selected
20
Completed experiments
12
Pilots
Real money + real assets
8
Proofs of concept
Simulated transactions
8
Used pilot wCBDC
Across 3 third-party DLT platforms
A$4.4M
wCBDC issued
Up to A$250k per transaction
Figure 1

The use case landscape.

Use cases were arranged by asset class (fixed income / other) and by whether settlement used central-bank or private money. The infrastructure row sits below - AP+ explored token interchange and NPP integration.

Figure 01
Project Acacia use case landscape
DFCRC / RBA
Asset class
Public
Central bank money used in settlement
Private
Private money used in settlement
Fixed income
13 use cases
Other asset classes
5 use cases
Infrastructure / services
2 use cases
Settlement asset family
wCBDCNPP / RITSDeposit tokenwCBDC-backed tokenStablecoin
DLT network
RedbellyCanvas ConnectHederaEthereumXRP LedgerPrivate ZK L2Gravital · Kinexys · HQLAxHyperledger BesuNetwork-agnosticN/A
* Tags under each use case name show the settlement assets used. The coloured dot indicates the DLT network. Click any use case for details.
Pilot wCBDC

Real legal claim, third-party platforms, controlled issuance.

Distinct from the 2022–2023 CBDC Pilot, Acacia issued pilot wCBDC onto external DLT platforms. The implementation used ERC‑20 on EVM-compatible chains with embedded controls - mint/burn, pause transfers, allow/block addresses.

  • Legal formReal claim on the RBA, issued under a deed poll
  • DenominationAustralian dollars · non-interest-bearing
  • EligibilityAustralian residents/corporations qualifying as wholesale investors
  • PlatformsAP+ HashSphere · Canvas Connect · Redbelly Network
  • DistributorsANZ · Banking Circle Australia · Cuscal
Build with rem

From pilot to production.

rem partners with teams trying to move beyond a one-off pilot - mapping out what production-grade tokenised market infrastructure could look like for your asset and your stakeholders.

Talk to rem →A conversation, not a pitch.