- A new report estimates Australia could unlock $17 billion annually from digital asset markets with proper regulation.
- The Digital Finance Cooperative Research Centre identifies regulatory uncertainty as the primary constraint on the industry.
- Without regulatory progress, the projected economic gain by 2030 could be just $710 million.
- The report recommends establishing a regulatory Sandbox and testing tokenized government bonds.
A new report published on Monday warns that Australia is missing out on a potential $17 billion annual windfall from digital finance due to a lack of clear regulation. The Digital Finance Cooperative Research Centre (DFCRC) said regulatory uncertainty and coordination challenges are the biggest constraints.
Consequently, the research group suggests establishing a regulatory sandbox for testing new technology. This sandbox could include tokenized government bonds and a wholesale central bank digital currency.
The report, jointly produced with the Digital Economy Council of Australia, was financed by crypto exchange OKX. It projects billions in gains from more efficient markets and streamlined payments using tokenized money like stablecoins.
Meanwhile, tokenization is seen creating more transparent and flexible assets. These assets could be directly used within automated trading and collateral-management systems.
However, OKX CEO Kate Cooper said these massive gains require clear regulatory frameworks. She argued that infrastructure must be built to institutional standards.
Therefore, the DFCRC estimates that on the current trajectory, Australia will secure only $710 million by 2030. The full $17 billion annual opportunity remains off the table without substantial change.
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