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HomeCrypto CompanyChainlink and ANZ Forge Cross-Chain Partnership

Chainlink and ANZ Forge Cross-Chain Partnership

Chainlink collaborates with ANZ in a groundbreaking cross-chain interoperability partnership, enabling the transfer of ANZ-issued stablecoins across different blockchains. This move could drive the adoption of tokenized assets by financial institutions.

Chainlink has joined forces with Australia and New Zealand Banking Group (ANZ) to explore the potential of its Cross-Chain Interoperability Protocol (CCIP) technology. ANZ participated in a case study, showcasing the seamless transfer of ANZ-issued stablecoins across various blockchains via CCIP for the purchase of nature-based assets. This collaboration signifies a pivotal step toward simplifying the user experience in handling digital assets for financial institutions.

A joint paper by Chainlink Labs and ANZ highlights the transformative power of CCIP. It demonstrates that financial institutions can securely offer clients access to a wide range of tokenized assets and digital asset services, even spanning public and private blockchains. This streamlined approach minimizes the need for significant infrastructure modifications while catering to growing client demand for digital assets. Chainlink’s ongoing collaboration with SWIFT further underscores the potential of CCIP, with successful tests connecting private bank chains and public chains, opening up new possibilities in decentralized finance (DeFi).

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