In a significant development for the tokenization of Real-World Assets (RWAs), decentralized oracle platform Chainlink has partnered with ANZ Bank, one of Australia's largest banks with over $1 trillion in assets under management (AUM). This collaboration will facilitate cross-chain RWA tokenization as part of the Monetary Authority of Singapore’s (MAS) Project Guardian.
Through Chainlink's Cross-Chain Interoperability Protocol (CCIP), ANZ will enable secure and efficient cross-chain trading and settlement of tokenized assets, signaling a leap forward in asset tokenization technology. This move positions ANZ at the forefront of the digital finance ecosystem, not only in Australia but across the Asia-Pacific region.
As part of Project Guardian, ANZ Bank joins other global financial institutions in experimenting with tokenization. The project aims to enhance liquidity and efficiency in financial markets, utilizing RWAs such as commercial paper, bonds, and other assets.
Chainlink’s involvement and Australia's participation indicate that the tokenization of assets, especially bonds, has gone beyond a few isolated countries and now looks to expand into a more global, interconnected system. This marks a step toward a future where cross-border bond trading and capital flows can be seamlessly managed via blockchain technology.
Augustin Jiang
Secretary General of ISTA
Tuesday, October 1, 2024
Comments