Previous Intergenerational Reports also have not addressed digital assets. The latest omission came despite the Reserve Bank of Australia increasing its focus on tokenized finance and financial infrastructure upgrades earlier this year, while the Digital Finance Cooperative Research Centre estimated digital finance innovations could generate 24 billion Australian dollars ($17.1 billion) in annual economic gains.
Despite the omission, Treasury’s separate report called the “Financial Innovation Strategy,’ released on Sept. 3, does address the link between AI and financial infrastructure.
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The report said agentic systems could increase automated and machine-to-machine transactions, creating greater demand for real-time, interoperable and programmable payment systems.
“We’ve made good progress in recent years, including through the Digital Asset Platform framework, which has provided necessary regulatory clarity,” O’Loghlen added.
“The opportunity now is to bring the same focus to the tokenized stored-value facility framework for stablecoins, and clear rules for tokenized markets. Those are the rails digital finance — agentic finance included — will run on and getting them right is how Australia turns this opportunity into reality.”
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