[Reserve Bank of Australia Advances Tokenized Asset Market Development] The Reserve Bank of Australia (RBA) has announced plans to advance the legal and market infrastructure necessary for the development of the tokenized asset market and to coordinate with regulatory agencies to support the scaled operation of tokenized assets. The RBA plans to establish a digital market infrastructure sandbox to test tokenized assets, currencies, and settlement systems, aiming to support commercial implementation. The RBA estimates that synchronized settlement of tokenized assets and funds could generate approximately AUD 24 billion (around USD 16.6 billion) in economic benefits annually. Future efforts will focus on settlement infrastructure, tokenized bank deposits, stablecoins, and the role of wholesale central bank digital currencies.