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<div class="sg-post-des">
 ANZ’s banking executive Nigel Dobson says the bank sees “real value” in tokenizing real-world assets on-chain like the Aussie dollar. 
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<div class="cointelegraph">
 Australia and New Zealand Banking Group is one step closer to launching its bank-issued <a rel="dofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> A$DC after the bank successfully executed a test <a rel="dofollow" title="transaction" href="https://thebittimes.com/tag/transaction.html">transaction</a> on Chainlink’s Cross-Chain Interoperability Protocol (CCIP):
 ANZ’s banking services portfolio lead Nigel Dobson said the <a rel="dofollow" title="transaction" href="https://thebittimes.com/tag/transaction.html">transaction</a> was a “milestone” moment for the bank in a Sept. 14 statement:
 <blockquote>
 “ANZ recently worked with Chainlink CCIP to complete a test transaction to simulate the purchase of a tokenised asset, facilitated using A$DC and an ANZ-issued NZ-dollar-denominated stablecoin.”
 </blockquote>
 Dobson said the firm has been experimenting with several networks — presumably to test out where the ANZ’s Australian dollar stablecoin can be best utilized:
 “We’re actively exploring the use of decentralised networks through a ‘test-and-learn’ approach,” the ANZ executive said.
 <blockquote class="twitter-tweet">
 As Australia and New Zealand Banking Group (ANZ), one the world’s largest global banks with over $1 trillion in total assets under management, demonstrates the use of CCIP for secure cross-chain <a rel="dofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> <a rel="dofollow" title="transaction" href="https://thebittimes.com/tag/transaction.html">transaction</a>s, the role of Chainlink and CCIP as a standard for interbank… pic.twitter.com/qdehsUX4rQ— Sergey Nazarov (@SergeyNazarov) September 14, 2023
 </blockquote> 
 Dobson said ANZ sees “real value” in tokenizing real-world assets like the Australian dollar, a move that could potentially transform the banking industry:
 <blockquote>
 “Tokenised assets are already changing the way banking works, and the technology has the potential to do more — if the right pieces can come together.”
 </blockquote>
 ANZ minted the first A$DC <a rel="dofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> in March, 2022, which was the first of its kind in Australia.
 Related: Don’t follow the US: Blockchain Aus CEO hammers ‘regulation by enforcement’ 
 However, the other Big Four Australian banks — Commonwealth Bank of Australia, Westpac and National Australia Bank — recently imposed restrictions and, in some instances, full blocks on bank transfers to several “high-risk” cryptocurrency exchanges.
 Bendigo Bank followed suit in late July.
 These banks cited the need to protect customers against cryptocurrency scams as the main reason behind imposing the restrictions.
 Magazine: Unstablecoins: Depegging, bank runs and other risks loom
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Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/major-aussie-bank-takes-next-step-to-aud-stablecoin-after-chainlink-test-transaction-tbt62820.html">https://thebittimes.com/major-aussie-bank-takes-next-step-to-aud-stablecoin-after-chainlink-test-transaction-tbt62820.html</a>

Major Aussie bank takes next step to AUD stablecoin after Chainlink test transaction

TheBitTimes

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