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Banks build tokenised defence as wholesale finance falls behind

Editor
23 Sep, 2026
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Warwick Ponder
Editor
23 Sep, 2026
Add us as a preferred source on Google
Australia’s wholesale financial system has fallen behind its dynamic retail payments market, prompting the RBA and banks to accelerate tokenised deposits as stablecoins emerge as a competitive threat to incumbents.
Banks build tokenised defence as wholesale finance falls behind
Labor MP Julie-ann Campbell and Assistant Governor Brad Jones. Background generated by AI.

Australia’s wholesale financial system has fallen behind its dynamic retail payments market, prompting the RBA and banks to accelerate tokenised deposits as stablecoins emerge as a competitive threat to incumbents.

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