Australian Bank ANZ Partners with Chainlink and ADDX in Innovative Tokenization Project

Australian Bank ANZ Takes Significant Steps Towards a Secure Digital Asset Ecosystem

Australian bank ANZ has announced its participation in Project Guardian, an initiative led by the Monetary Authority of Singapore (MAS) aimed at exploring broader access to tokenized real-world assets in financial markets. This collaboration signifies a notable step in the evolution of asset tokenization and its integration into traditional finance.

ANZ Partners with Chainlink Labs and ADDX

As part of its involvement in Project Guardian, ANZ is collaborating with Chainlink Labs and ADDX to experiment with the interoperability between private blockchains. The goal is to facilitate the exchange of tokenized real-world assets, such as commercial paper. This partnership underscores the bank’s commitment to leveraging innovative technologies to enhance financial services.

Project Guardian: A Collaborative Effort

Launched in 2022, Project Guardian represents a public-private collaboration designed to test the tokenization of real-world assets. The initiative includes a variety of participating entities, such as the Financial Conduct Authority (FCA) of the UK, Swiss Financial Market Supervisory Authority (FINMA), and Financial Services Agency (FSA) of Japan, alongside prominent financial institutions like Deutsche Bank, Citi, and Apollo. The project is exploring tokenization across multiple sectors, including fixed income, wealth management, and foreign exchange.

Chainlink’s Role in Enhancing Interoperability

Sergey Nazarov, co-founder of Chainlink, expressed enthusiasm for the collaboration with ANZ, emphasizing the importance of interoperability in enabling financial institutions to transact with tokenized assets at scale. “Interoperability is critical for financial institutions to transact with tokenized assets at scale, making Chainlink CCIP a key enabler for accelerating the growth of the tokenized economy,” he stated. This focus on secure cross-chain infrastructure aims to bolster digital innovation within the financial sector.

ANZ’s Commitment to Digital Asset Ecosystem

Mark Evans, Head of ANZ Singapore, remarked that the bank is determined to “play a role in fast-tracking the development of a stable, secure digital asset ecosystem,” which is essential for meeting the evolving needs of customers in the region. With 50 years of presence in Singapore, ANZ is well-positioned to contribute to the growing demand for digital financial solutions.

FAQ: ANZ Joins Singapore’s Project Guardian for Tokenization