Meta Pixel
Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

News and Announcements

The first bank to mint an Australian dollar stablecoin, the A$DC

  • Published May 19, 2022 12:00AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

We are pleased to share with you a collaboration that we are incredibly proud of.

Zerocap has underlined its position at the forefront of enabling and encouraging Australian investors and corporates to adopt and use digital assets and blockchain-based systems, with their involvement in A$DC, a stablecoin pilot project linked to the Australian dollar and backed by a major Australian bank.

Zerocap worked with ANZ Bank and global digital asset custody provider Fireblocks to mint A$DC, a new stablecoin pegged to the Australian dollar, for Victor Smorgon Group, a client of both ANZ and Zerocap. 

Register Interest

It is the first time an Australian bank has minted a digital asset linked to the value of the Australia dollar, and may be the first time a bank anywhere in the world has created a stablecoin that has been used in a real transaction.

Ryan McCall, Zerocap CEO and co-founder said:

“Most of the crypto industry has been focused on directly servicing the retail market, whereas we’ve invested from the outset in establishing the product, technology, compliance and team to properly service private and institutional clients, like the Victor Smorgon Group and ANZ. Digital assets are going mainstream; we’re thrilled to be at the forefront of driving adoption and bringing that vision to life.”

Read more in this AFR article here.

Register Interest

Capital Insights
Are Aussie Female Founders Being Left Behind?

Key Takeaways: Despite a vibrant early-stage ecosystem, Australian startups with female founders are encountering significant headwinds when it comes to securing larger, later-stage funding rounds, according to the latest “Cut Through Quarterly Q1 2025 Australian Startup Funding” report. The data reveals a concerning dip in the overall proportion of capital directed towards ventures with female […]

Capital Insights
Tony Seba’s “Stellar Abundance” – A Roadmap for Strategic Investment in the Next Exponential Growth Era

In a recent conversation with Herbert Ong on the “Brighter with Herbert” YouTube channel,  visionary author and co-founder of RethinkX and Stellar, Tony Seba, outlines a profoundly ambitious and positive outlook on the future, making recent market analyses of substantial changes seem comparatively minor. While the focus often remains on the growing opportunities within specific […]

Capital Insights
Fundraising Realities and Strategic Engagement Imperative

Sydney-based CapitalHQ, a platform founded by Steve Torso of Wholesale Investor, has reached its first anniversary, a milestone marked by a notable shift in its operational model. Torso, in a recent address, not only celebrated this juncture but also provided a grounded assessment of the prevailing challenges in capital raising, advocating for a more strategic […]

Join over 45,000+ sophisticated investors

Join Now