Australian lender ANZ partners with Chainlink to explore RWA tokenization Technology 4 hours ago

Australia’s second-largest bank, ANZ, has partnered with Chainlink Labs and ADDX to explore tokenized real-world assets, according to a Sept. 30 statement shared with CryptoSlate.The move is part of ANZ’s involvement in the Monetary Authority of Singapore’s (MAS) Project Guardian, which aims to enhance access to tokenized assets in the financial sector.Project Guardian is a long-term global effort involving financial regulators such as the UK’s FCA, Switzerland’s FINMA, and Japan’s FSA, as well as critical financial services players. The initiative is designed to pioneer asset tokenization in various economic sectors, including fixed-income, foreign exchange, and asset management products.ANZ aims to leverage the partnership to examine how private blockchains can facilitate the exchange of tokenized assets like commercial papers. ANZ’s Singapore country head, Mark Evans, praised MAS for its leadership in financial innovation, stating:“We’re pleased to join Project Guardian and play a role in fast-tracking the development of a stable, secure digital asset ecosystem which will be essential to meeting the future needs of our customers across the region.”Nigel Dobson, ANZ’s Banking Services Lead, acknowledged the challenges in the tokenized asset market, noting that blockchain fragmentation hinders widespread adoption and integration.Dobson said he was confident that ANZ’s partnerships will help overcome many of the sector’s common obstacles. He also emphasized that the initiative will demonstrate the capabilities of ANZ’s A$DC token, which has been designed to streamline the movement of goods and capital for customers across the region.Similarly, Chainlink co-founder Sergey Nazarov said interoperability is essential for financial institutions to scale transactions with tokenized assets. He emphasized that Chainlink’s cross-chain interoperability protocol (CCIP) technology will play a key role in driving the growth of the tokenized economy.Oluwapelumi values Bitcoin’s potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.AJ, a passionate journalist since Yemen’s 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting. Get the latest crypto news and expert insights. Delivered to you daily.WazirX co-founder Nischal Shetty said the exchange will use the time to focus on ‘resolution, recovery and restructuring.’The bank reported a strong increase in crypto trading volumes on its digital exchange, DDEx.India, Singapore, and Indonesia are transforming the crypto landscape with strong adoption, innovative payment solutions, and explosive trading activity.Worldcoin’s WLD is up 4% despite the authority’s scrutiny.By leveraging decentralized oracle networks, blockchain technology could prevent retail investors from being disadvantaged by outdated information.Institutional interest in Chainlink’s LINK token has risen, according to Lookonchain.The service will add new margined futures contracts for AVAX, LINK, DOT, XLM and SHIB starting July 15.Chainlink’s decentralized oracle network offers a solution by providing tamper-proof data feeds and real-time verification to enhance stock exchange stability.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.