Crypto readiness score
1/3 status dimensions verified · 1 initiative · last verified 2026-10-31
Only 1 of 3 status dimensions (commercial, regulatory, technical) are verified for this institution; at least 2 are required before a score is shown. We show this rather than guess.
Score breakdown
How the number above is built — every input is a verified tracker status with a dated source.
| Component | Weight | Points | Basis (verified input) |
|---|---|---|---|
| Commercial availability | 35 | — | No verified status — not scored |
| Regulatory standing | 25 | — | No verified status — not scored |
| Technical delivery | 20 | 8 | Pilot / proof of concept · initiative |
| Product breadth | 15 | 5 | 1 product category with a verified status: Tokenized assets |
| Recent verified activity | 5 | 5 | Last verified change 2026-03-17 |
Score = sum of points, rounded. Only verified tracker statuses count; “Unknown” earns nothing and is never estimated. Methodology
Initiatives (1)
Regulatory, technical and commercial status are kept separate: an authorisation is not a launch.
Tokenized assets · Australia
Westpac-led Project Acacia proof of concept: PayTo for settlement of tokenised assets
- regulatory
- Unknown
- technical
- Pilot / proof of concept2025-07-17
- commercial
- Unknown
Westpac Institutional Bank said in July 2025 that its Westpac-led Project Acacia proof of concept seeks to demonstrate that existing PayTo infrastructure can support the settlement and clearing of large wholesale payments needed for tokenised asset transactions, developed with Imperium Markets and Chainlink. In March 2026 Westpac IQ wrote that Project Acacia, with Westpac participating, demonstrated near-real-time settlement of tokenised assets using today's payment infrastructure.
Scope: Proof of concept within RBA/DFCRC Project Acacia; developed with Imperium Markets and Chainlink.
In tracker · last verified 2026-10-31
Licences & registrations
Regulator records (or MiCA Art. 60 notifications — a notification, not an authorisation).
No licence or registration record in our verified data. This means “not reviewed”, not “unlicensed”.
Partners & providers
From tracker records and verified item text only. “Co-named” means both appear in the same source — open it for context. Full map
Regulator records & actions
Register entries and regulator publications that name this institution.
None in our verified data.
Markets (from stated target markets): Australia
Timeline
Status changes (tracker history), verified items and regulatory dates, newest first.
2025-07-17 · Status
Westpac-led proof of concept in Project Acacia; Westpac IQ (17 Mar 2026) says Acacia demonstrated near-real-time settlement of tokenised assets with existing payment infrastructure.
Data: /api/banks.json (CC BY 4.0) · Spot an error? Corrections
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