by Ken Macon, Reclaim The Net:
The idea creates major implications.
The Australian and New Zealand Banking Group (ANZ) partnered with Grollo Carbon Ventures (GCV) to allow the trade of Australian Carbon Credit Units (ACCUs). The project was one of 14 piloted by the Reserve Bank of Australia to investigate potential uses of a central bank digital currency (CBDC).
In the project, ANZ and GCV focused on the tokenization of nature-based and real-world assets, and they started with ACCUs. They tokenized already existing ACCUs and issued a stablecoin, A$DC, which allowed the GCV to buy tokenized ACCUs with real-time settlement through ANZ’s smart contracts.