Analysis: Digital Finance Reform Could Boost Australia’s GDP by 1% Annually
On June 16, it was reported that the latest research from the Australian Digital Economy Conference shows that digital financial innovation and asset tokenization could generate billions of dollars in annual economic benefits for the country. The foreign exchange market alone has a potential value of $4.8 billion, while the cross-border payments sector could reach $7.6 billion. Significant opportunities also exist in niche markets such as private credit ($1.34 billion) and public debt ($1.07 billion). The Digital Finance Cooperative Research Centre pointed out that if the current pace of development continues, annual revenue by 2030 will only reach about $1.8 billion, less than half of the potential value.
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