Forte Tech Solutions achieves milestone in Australian Government Bond Tokenisation
Forte Tech Solutions has successfully executed the tokenisation of Australian Government Bonds, completing the first $2 million investment. This marks a significant milestone for digital finance in Australia and represents the first successful pilot under the Reserve Bank of Australia’s Project Acacia.
In collaboration with CoinSpot, Australia’s largest cryptocurrency platform, Forte Tech Solutions will facilitate multiple additional investments within the framework of Project Acacia.
The bond tokenisation pilot forms part of Project Acacia, an initiative led by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) to explore real-world applications of tokenisation in wholesale markets.
Stablecoins, tokenisation, and on-chain treasury solutions are transitioning from concept to real-world adoption. Forte Tech Solutions is paving the way for Australian government bonds to be traded 24 hours, seven days a week, revolutionising debt instrument accessibility for wholesale investors.
Forte’s innovation in this space will reduce settlement costs, enable self-custody of the bonds, and represent a first for digital finance in Australia.
As part of Project Acacia, Forte Tech Solutions has achieved a dual milestone: the tokenisation of Australian Government Bonds and the launch of an innovative Delivery-versus-Payment (DvP) settlement protocol, setting a new standard for secure and efficient digital bond transactions in Australia.
The DvP settlement utilises Forte AUD (#AUDF) – Australia’s most transacted stablecoin – as the settlement currency. With both the tokenised bonds and the stablecoin on-chain, trade settlement is near instant, streamlining transactions and mitigating settlement risk. Since inception Forte AUD, (AUDF) has averaged A$200 million per month in cross border transaction volume.
Forte Tech Solutions is a leading contributor to Project Acacia, participating in five of the 20+ initiatives under the program. Forte Tech Solutions is collaborating closely with industry leaders and regulators to drive innovation and strengthen Australia’s financial infrastructure within a safe and compliant framework.
Commenting on the achievement, Fadi Kassis, Founder, Forte Tech Solutions & AUDF, said, “Tokenising Australian Government Bonds and developing a new DvP are two major milestones for digital finance in Australia, by bringing these assets on-chain, we are demonstrating how traditional financial instruments can operate in a 24/7 digital economy, with lower settlement costs, faster transaction times, and greater transparency. Project Acacia is an important step in shaping the future of financial markets, and we are proud to be at the forefront of this transformation.”
