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Ripple Boosts Digital Economy in Australia

Author: Content Editor
Ripple is partnering with the Digital Economy Council of Australia and the Digital Finance Cooperative Research Centre to promote tokenization in Australia's digital economy. A report by the two organizations calls for regulatory measures to facilitate growth in the sector. Ripple estimates that tokenizing real-world assets in Australia could lead to a $16 trillion market value by 2030. The company stresses the need for clear regulatory guidelines for sustainable progress and highlights Australia's supportive stance towards digital advancements. The report also emphasizes the importance of market integrity, compliance, and collaboration for advancing asset tokenization. Australia's active role in tokenization initiatives positions it competitively in the global digital economy. The proposed reforms could increase investor trust and drive the growth of digital asset markets, potentially influencing the global financial landscape.

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