Hedera played a prominent role in Australia’s Project Acacia, the Reserve Bank of Australia’s and the DFCRC’s major testing of wholesale tokenized asset markets, digital money, and wholesale central bank digital currency (CBDC).
Hedera has been tested in both public and private settings
Acacia Project Final Report, Released On May 18, it showed that Hedera was one of five DLT platforms tested and the only one used in both public and private configurations: Hedera Mainnet and HashSphere, a permissioned private network built on Hedera’s Hiero codebase.
Australian Payments Plus, a member of the Hedera board that manages national payment paths including EFTPOS, BPAY and the new payments platform, has run pilot programs on HashSphere.
Key pilot programs associated with Hedera included AP+ Token Interchange, which tested the transfer between tokenized private money, such as AUDD, and a pilot wholesale central bank digital currency; NPP-Token Integration, which explored the links between token assets and real-time payments infrastructure in Australia; and Imperium Markets demo models covering tokenized time deposits, certificates of deposit and annuities.
🚨 Watch the Reserve Bank of Australia on how to implement the project with them $HBAR& $XRP It gave them a chance to code!
Brad Jones of the Reserve Bank of Australia said Project Acacia only gave them a glimpse of what token finance could become. pic.twitter.com/G6na1P3NtK
-AlineCrypto (@RealGoodCrypto) May 19, 2026
The experimental Central Bank Digital Currency (CBDC) was issued wholesale by the Reserve Bank of Australia as a real legal claim, redeemable at a 1:1 ratio in Australian dollars. It operated as an EVM-compliant ERC-20 token with RBA controls.
The private wCBDC was run on HashSphere and synchronized with public Hedera through a “white coin” mechanism designed to support atomic settlement.
The experiments ran from August 2025 to February 2026 and included real value settlement.
HBAR price eyes 10% bounce
HBAR is trying to bounce off the lower trend line of the symmetrical triangle, which is the pattern that forms when the price squeezes between downward resistance and upward support.
For starters: This means that buyers enter at slightly higher levels, but sellers also reject every bounce at lower levels. The market compresses, and a larger move usually follows once either side breaks.
As of May 20, HBAR was trading near $0.0886, near triangle support. A bounce from here could send the token towards the upper trendline of the triangle near $0.097, up approximately 9.5% to 10% from current levels.
However, the broader setting still looks fragile. HBAR remains below its key daily moving averages, including the 50-day moving average near $0.091, the 100-day moving average near $0.096, and the 200-day moving average near $0.114. This indicates that sellers are still in control of the larger trend.
A clean break below triangle support would weaken the short-term bounce case and could open the door to a deeper decline towards $0.067, which is the next major downside target marked on the chart. This represents a decrease of about 27% from current prices.
In simple terms, HBAR may first bounce towards $0.097, but unless it breaks above triangle resistance with strong volume, the risk remains leaning towards a breakdown.
