Australia Urges Faster RWA Tokenization to Compete Globally
ASIC Chair Joe Longo warns that Australia risks falling behind global markets unless it accelerates real-world asset (RWA) tokenization. Speaking at the National Press Club, Longo noted that over $35 billion in RWAs is already tokenized worldwide, with forecasts of $2 trillion to $16 trillion by 2030. While the US, Singapore and Hong Kong advance tokenization pilots for funds, securities and stablecoins, Australia’s early lead—marked by the world’s first tokenized bond in 2018—has stalled. To revive momentum, ASIC will relaunch its Innovation Hub and update digital asset guidance to streamline licensing and compliance for fintech firms exploring blockchain solutions. Clear RWA tokenization rules could attract capital, modernize markets and boost blockchain innovation in Australia.
Neutral
ASIC’s push for RWA tokenization and clearer regulation may strengthen long-term confidence in tokenized asset platforms, which is bullish for blockchain innovation. However, because no specific cryptocurrency tokens are immediately affected, short-term price impact is likely muted, resulting in a neutral market outlook.