Analysis: Digital financial reform could increase Australia's GDP by 1% annually

ChainCatcher news, according to Decrypt, the latest research from the Australian Digital Economy Conference shows that digital financial innovation and asset tokenization could bring billions of dollars in economic benefits to the country each year. Among them, the foreign exchange market potential reaches $4.8 billion, the cross-border payment sector $7.6 billion, and significant opportunities exist in sub-markets such as private credit ($1.34 billion) and public debt ($1.07 billion).

The Digital Finance Cooperation Research Center points out that if the current development pace is maintained, only about $1.8 billion in annual revenue can be achieved by 2030, which is less than half of the potential value. OKX Australia CEO Kate Cooper emphasized that regulatory clarity and smooth banking channels are key to unlocking the $19 billion market potential, and the implementation of the Treasury's digital asset system needs to be accelerated.