The Reserve Bank of Australia (RBA) has announced the progression of Project Acacia into its next testing phase, focusing on the integration of crypto assets and central bank digital currencies (CBDCs) in the wholesale tokenized asset market. This phase will evaluate 24 use cases, involving fintech firms and major banks such as Commonwealth Bank of Australia, ANZ Bank, and Westpac Bank. The tests will include various settlement assets like stablecoins, bank deposit tokens, and pilot wholesale CBDCs. The Australian Securities and Investments Commission (ASIC) will offer regulatory easing to facilitate these tests. Project Acacia is a collaborative effort between the RBA and the Digital Finance Cooperative Research Center, aligning with the Australian government's digital asset framework.