What it is
Treasury’s Token Mapping paper set out Australia’s initial functional taxonomy of digital assets and identified where existing financial-services law already covered a given token type versus where genuinely novel categories (such as digital-asset platforms) needed new legislation. That mapping exercise fed directly into the Digital Assets Framework Bill, which creates the digital asset platform and tokenised custody platform licence categories under the Corporations Act.
Relevance to tokenisation
Treasury holds the legislative pipeline referenced across Australia’s four-way regulatory split; see Australia’s digital-asset regulatory architecture for how its policy-design role interacts with the supervisory agencies.