Author Archives: Imperium Markets

One of the pilots for a new digital Australian dollar will seek to compress the time it takes to settle trades in the $1.5 trillion bond market from two days to zero, removing settlement risks and cutting costs for banks and investors.

Imperium Markets is running one of the 14 pilots of a “central bank digital currency” (CBDC) announced last week by the Reserve Bank of Australia. Imperium, which received a tier 2 financial markets licence from ASIC in 2017 allowing it to create a market for debt securities, counts all the major banks as customers. They use the platform to manage debt issuance to institutional investors.

Major banks will begin digitising contracts that govern their debt financing, and explore trading and settling money market transactions using blockchain technology, in a project that Imperium Markets and the Digital Finance Co-operative Research Centre (DFCRC) will launch in the coming months.

Imperium Markets will launch a major research project into digitalising the $3 trillion wholesale bond and deposit market and running it on blockchain.

Imperium Markets and Digital Finance CRC (DFCRC) will pilot a research project into how the tokenisation of assets and settlements can benefit Australian Money Markets and Debt Capital Markets.

The Reserve Bank of Australia says creating real-world financial assets in a “tokenised” form could unlock billions of dollars in annual savings for banks and other financial institutions by streamlining settlement processes and automating registries.

* Two major banks have used a real central bank digital currency to trade deposit securities.
* It is the first time this has happened using a CBDC that is a claim on the central bank.
* A Senate committee heard lack of regulation in the digital asset area is holding back innovation.

The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) have released a report on the findings from the joint research project involving industry that explored potential use cases for a central bank digital currency (CBDC) in Australia.

Australia’s major banks are using a new financial market that will shift settlement of term deposits for institutional investors to real-time using similar blockchain technology that the ASX has failed to implement for the equity market.

Former ANZ chief executive Mike Smith isn’t the only big name backing regtech/fintech player Imperium Markets.

Street Talk can reveal Macquarie Bank tipped into the rising star’s capital raising that closed in September.