Forte Tech Solutions, a leading digital asset solutions provider, has successfully completed Australia’s first tokenized government bond investment, marking a major milestone in the country’s transition toward blockchain-based financial infrastructure. The $2 million pilot was conducted under the Reserve Bank of Australia’s (RBA) Project Acacia, a national initiative exploring the role of tokenization and digital money in modernizing wholesale finance.
Project Acacia, led by the RBA in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), is supported by key regulators including ASIC, APRA, and the Australian Treasury. The program aims to test how tokenized assets and digital settlement systems—including stablecoins and wholesale CBDCs—can enhance efficiency, transparency, and resilience in Australia’s capital markets.
In partnership with Coinspot, Forte tokenized government bonds and executed a Delivery-vs-Payment (DvP) transaction using the AUDF stablecoin, enabling near-instant, on-chain settlement and lower transaction costs. The company noted that AUDF already facilitates over $200 million in cross-border payments monthly, showcasing its growing real-world utility.
Fadi Kassis, founder of Forte Tech Solutions, emphasized the pilot’s broader implications:
“Project Acacia represents a crucial step in shaping the future of finance. We’re proud to demonstrate that Australian Government Bonds can now trade digitally, 24/7, with greater transparency and faster settlement.”
The pilot is one of more than 20 tokenization experiments under Project Acacia, involving major banks such as ANZ and Westpac, alongside innovators like Fireblocks and Canvas Digital. The trials cover assets ranging from fixed-income instruments to carbon credits and are expected to continue over the next six months—paving the way for Australia to emerge as a regional leader in digital finance innovation.
