Skip to content
Reserve Bank of Australia
  • Monetary Policy
  • Market Operations
  • Payments & Infrastructure
  • Financial Stability
  • Banknotes
  • Financial Services
  • About Us
  • Media Releases
  • Speeches
  • Publications
  • Statistics
  • Chart Pack
  • Research
  • Archives
  • Education
  • Careers
  • Q&A
  • Contact Us
In Payments & Infrastructure
  • Strategic Priorities for Payments Policy
  • Regulatory Reviews
    • Review of Payments System Regulation (Ongoing)
    • Merchant Card Payment Costs and Surcharging 2024–2026
    • Past Regulatory Reviews
      • Review of Retail Payments Regulation 2019–2021
      • Review of Card Payments Regulation 2015–2016
      • Strategic Review of Innovation in the Payments System 2011–2013
      • Review of Card Payment Systems 2007–2008
  • Regulatory Resources
    • Cards Regulatory Resources
    • ATMs
  • Account to Account Payment Systems
    • The New Payments Platform
    • New Payments Platform Functionality and Access: Consultation 2018–2019
      • Consultation
      • Submissions received
      • Conclusions Paper
    • Bulk Electronic Clearing System
    • Future of the Account-to-Account Payments System
    • Interlinking Fast Payment Systems for Cross-border Payments (2024)
  • Tokenised Money
    • About Tokenised Money
    • Current Initiatives
      • Project Acacia
    • Speeches
    • Publications
  • Consumer Payments Explorer
  • Financial Market Infrastructure
    • About Financial Market Infrastructure
    • Principles
      • About the Principles
      • Implementation of Principles
      • Assessments against Principles
      • Assessment against Responsibilities
    • High Value Payments
    • Clearing and Settlement Facilities
      • Financial Stability Standards
      • Policies and Guidance
      • Consultations
      • Memoranda of Understanding
      • Assessments
    • Approvals under the Payment Systems and Netting Act 1998
    • OTC Derivatives
      • Regulatory Framework
      • Reports
      • Memoranda of Understanding
    • Payments and Market Infrastructure Assessments
  • RITS
    • About RITS
    • RITS Legal Framework
    • Assessments
    • Reviews
    • System Availability Statistics
    • RITS Membership
    • Contact RITS
    • Business Hours
  • Submissions
  • Banknote Distribution Framework
    • About BDF
    • BDF Legal Framework
  • Resources
    • Media Releases
    • Speeches
    • Publications
    • Payments Data
    • Disclosures on Retail Payments Service Reliability
    • Card Payments Regulation – Questions & Answers
    • Backgrounders

The Role of RITS in Supporting Settlement in a Tokenised Ecosystem

Consultation Paper
September 2026

Download the complete Document 1MB

Contents

  • Executive Summary
  • 1. Introduction
  • 2. Overview of current RITS and FSS functionality
  • 3. How RITS or FSS could support cash settlement in tokenised wholesale asset markets
  • 4. How RITS and FSS could support at-par exchange of private tokenised money
  • 5. Access to central bank reserves for stablecoin issuers
  • 6. Tokenised reserves
  • 7. Next steps
  • Appendix A – RITS and FSS functionality
  • Appendix B – Emerging international approaches
  • Appendix C – Consultation response template

See Copyright and Disclaimer Notice for the full copyright and disclaimer provisions that apply to this publication.

ISBN 978-1-7645772-4-3 (Online)

Related Information

  • Media release issued on 3 September 2026
Back to top

Sign up for email and SMS alerts

Subscribe

Follow us

  • Facebook
  • X
  • LinkedIn
  • YouTube
  • Instagram
  • Flickr

Affiliate sites

  • Banknotes
  • Unreserved
  • Museum
  • Council of Financial Regulators
  • Australian Foreign Exchange Committee
  • H.C. Coombs Centre

The Reserve Bank of Australia supports the Foundation for Children.

The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the Copyright and Disclaimer Notice. © Reserve Bank of Australia, 2001–2026. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land, and recognises their continuing connection to country. We pay our respects to their Elders, past and present. Aboriginal and Torres Strait Islander peoples should be aware that this website may contain the names, images and voices of people who are now deceased.

References

  • For Media
  • Judicial Notice
  • Privacy
  • Accessibility
  • Procurement
  • Glossary
  • Schedules & Events
  • Report a Vulnerability
  • Scams
  • Public Interest Disclosure
  • Access to Information