Establishment of the Libra Association, an independent, Swiss, not-for-profit organization to create a global digital currency (“Libra”) to enable billions of people to access fast, low-cost and secure payment transactions anywhere on the planet is a major innovation in financial services.
Libra’s introduction may significantly impact the Australian financial services industry but also provide unprecedented opportunities to support new jobs, businesses and markets.
Australia’s participation in Libra’s proposed innovations is critical to ensuring our country is well placed to take advantage of these opportunities and identify transitional impacts as the global digital financial system evolves.
Invest in Australia's future.
Fabrick Innovations (formerly Libra Australia) is not affiliated with the Libra Association. It has been established by Holon Global Investments Limited and key associates to develop a consortium of partners to support successful application of Founding membership of the Libra Association and to operate a validator node.
Our vision is to enable financial inclusion in Australia through digital innovation by working collaboratively with business, technology, Academic and social impact partners, and consult with governments and regulators to provide a “whole of system” approach to the challenges and opportunities that Libra’s innovation may bring.
Our view is that securing membership of the Libra Association may address the industry, business, regulatory and social impact risks associated with a lack of intelligence gathering, representative activities and ecosystem engagement opportunities if Australia were not to participate.
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