ANZ Partners with Chainlink to Explore Tokenized Real-World Assets
ANZ, Australia’s second-largest bank, has joined forces with Chainlink Labs and ADDX to explore the potential of tokenized real-world assets. This collaboration is part of ANZ’s participation in the Monetary Authority of Singapore’s (MAS) Project Guardian, a global initiative aimed at fostering the adoption of tokenized assets within the financial sector.
Exploring Tokenized Assets
Project Guardian is a collaborative effort involving financial regulators from around the world, including the UK’s FCA, Switzerland’s FINMA, and Japan’s FSA, as well as major financial players. The project aims to pave the way for tokenization across various economic sectors, including fixed-income, foreign exchange, and asset management products.
ANZ’s involvement focuses on leveraging blockchain technology to facilitate the exchange of tokenized assets such as commercial papers. This partnership highlights the bank’s commitment to exploring innovative solutions within the evolving digital asset landscape.
Interoperability is Key
Sergey Nazarov, co-founder of Chainlink, emphasized the importance of interoperability for financial institutions to scale transactions with tokenized assets. He highlighted the role of Chainlink’s cross-chain interoperability protocol (CCIP) technology in driving the growth of the tokenized economy.
ANZ’s participation in Project Guardian demonstrates its commitment to exploring the potential of tokenized assets and its willingness to collaborate with leading blockchain players to overcome challenges and unlock new possibilities.
