Macropod's AUDM lands on LMAX for institutional use

Macropod has made its Australian dollar stablecoin, AUDM, available on LMAX Group, giving institutional market participants in more than 100 countries access to the token.

The listing places AUDM on a global marketplace for foreign exchange and digital assets used by funds, banks, asset managers, retail brokerages and buy-side institutions. LMAX operates execution venues with matching engines in London, New York, Tokyo and Singapore.

The addition expands AUDM beyond retail and exchange distribution into institutional trading infrastructure. Macropod describes AUDM as Australia's first Australian dollar stablecoin issued under an Australian Financial Services Licence.

The move brings the token into a market where institutions manage treasury activity, cross-border transactions and trading across foreign exchange and digital assets. It also extends AUDM's reach into venues that connect traditional FX liquidity with on-chain settlement.

Drew Bradford, Chief Executive Officer of Macropod, described the listing as a step into the core of institutional currency markets.

"Getting AUDM in front of the institutions that already move the world's FX markets is a significant moment for us. LMAX has spent over a decade building the kind of trusted, regulated infrastructure that global capital markets run on, and now that infrastructure can execute in Australian dollars, on-chain, in real time. That's the shift we're chasing: from questioning when value will land to knowing it already has," Bradford said.

LMAX Digital said the listing broadens the range of regulated digital instruments available to its institutional client base. The group operates venues spanning both traditional foreign exchange and digital assets.

"The listing of AUDM further strengthens our role in connecting traditional finance with the digital asset ecosystem. By bringing a regulated Australian dollar stablecoin to our institutional execution venues, we are providing clients with greater flexibility to access liquidity and execute transactions across FX and digital assets. As institutional participation in tokenised financial infrastructure accelerates, trusted, transparent and regulated stablecoins such as AUDM will play an increasingly important role in global capital markets," said Chris Knight, Managing Director, LMAX Digital.

Market expansion

AUDM has grown quickly since its launch in late 2025. Macropod said it was the first stablecoin covered by the Australian Securities and Investments Commission's regulatory exemption for stablecoin distribution.

It has also been listed on digital asset exchanges including OKX Australia, Independent Reserve and BTC Markets, and has expanded to networks including Base and Solana. Those steps widened access among retail and crypto-native users before this latest move into institutional markets.

The token has also been used in projects linked to wholesale financial markets. Macropod said AUDM settled two use cases in the Reserve Bank of Australia's Project Acacia: a tokenised managed investment scheme and what it described as Australia's first tokenised wholesale corporate bond.

Beyond capital markets experiments, AUDM is also being used in live retail payments, including at cafés in Sydney through digital wallet technology. That gives the stablecoin a presence across both consumer transactions and more specialised financial market activity.

Institutional push

The LMAX listing reflects a broader push to position stablecoins as instruments that can sit alongside conventional payment rails and trading systems. For Macropod, the focus is on regulated access to Australian dollar-denominated digital settlement for institutions already active in global markets.

Stablecoins tied to major currencies have drawn growing attention from financial firms exploring tokenised assets, settlement tools and round-the-clock market infrastructure. An Australian dollar stablecoin with distribution across exchange venues, blockchain networks and institutional execution platforms offers one route into that market segment.

LMAX's client base gives AUDM exposure to institutions that already trade across multiple asset classes and jurisdictions. The group's reach across more than 100 countries means the listing is not simply a domestic expansion for Macropod, but a step into a broader international pool of market participants.

For Australia's digital asset sector, the listing also points to the growing role of licensed issuers seeking to bring local currency products to global trading venues. AUDM now sits at the intersection of regulated Australian financial product issuance, on-chain settlement and institutional foreign exchange markets.

LMAX said regulated stablecoins such as AUDM are likely to become more important as tokenised financial infrastructure develops. Its execution venues now include an Australian dollar stablecoin aimed at institutions seeking access across both FX and digital asset markets.