<![CDATA[<figure class="image"><img src="https://cimg.co/news/124939/330020/anz.jpg" alt="" srcset="https://cimg.co/news/124939/330020/responsive-images/anz___media_library_original_612_411.jpg 612w, https://cimg.co/news/124939/330020/responsive-images/anz___media_library_original_600_403.jpg 600w, https://cimg.co/news/124939/330020/responsive-images/anz___media_library_original_300_201.jpg 300w" sizes="100vw" width="612" class="content-img"><figcaption>Source: Getty Images</figcaption></figure>Australia&rsquo;s big four bank ANZ is advancing towards a greater adoption of tokenized assets, after successfully completing a test transaction in collaboration with Web3 services platform <a href="https://cryptonews.com/coins/chainlink/">Chainlink</a>.An <a href="https://www.anz.com/institutional/insights/articles/2023-09/the-next-step-for-digital-assets-is-together/">update</a> from Nigel Dobson, ANZ&rsquo;s banking services portfolio lead, dated September 13 noted that the transaction utilized the technical integration of the bank&rsquo;s digital asset services technology stack and Chainlink&rsquo;s Cross-Chain Interoperability Protocol (CCIP).CCIP allows enterprises to transfer data and value between public or private blockchain environments directly. The protocol went live in July, for early access users on the <a href="https://cryptonews.com/coins/avax-avalanche/">Avalanche</a> (AVAX), <a href="https://cryptonews.com/guides/ethereum/">Ethereum</a> (ETH), <a href="https://cryptonews.com/news/it-too-late-buy-optimism-op-price-rallies-up-5-launchpad-can-find-next-crypto-explode.htm">Optimism</a> (OP) and <a href="https://cryptonews.com/coins/matic-polygon/">Polygon</a> (MATIC) blockchains.<blockquote>&ldquo;ANZ recently worked with Chainlink CCIP to complete a test transaction to simulate the purchase of a tokenized asset, facilitated using A$DC and an ANZ-issued NZ-dollar-denominated stablecoin.&rdquo;</blockquote>A$DC, a native stablecoin of ANZ bank, is fully collateralized by the Australian dollar and redeemable at par with funds held in an ANZ-managed reserve account.<h2 style="text-align:justify;" id="dobson-important-milestone-for-anz">Dobson: &ldquo;Important Milestone for ANZ&rdquo;</h2>ANZ is actively exploring the uses of decentralized networks &ldquo;through a &lsquo;test-and-learn&rsquo; approach,&rdquo; Dobson wrote.In June, the Australian banking giant ANZ <a href="https://www.afr.com/companies/financial-services/anz-stablecoin-a-dc-used-to-buy-tokenised-carbon-credit-units-20220624-p5awb0">used its stablecoin</a> A$DC to buy a digital representation of Australian carbon credits, in a deal involving private investor Victor Smorgon Group.Dobson said that such deals in the past involving the native stablecoin have provided &ldquo;valuable lessons&rdquo; for the bank to explore further on use-cases. &ldquo;Based on market activity, we expect the continued adoption of digital assets will result in the proliferation of multiple assets across many blockchain networks,&rdquo; he added.He described the current collaboration as an &ldquo;important milestone&rdquo; for the bank and that ANZ is looking to participate in further work with the wider industry.<blockquote>&ldquo;While the technology solutions are still emerging, this collaboration is another important milestone for ANZ &ndash; showing the feasibility of technical interoperability, which can serve as a basis for further work on customer-led transactions.&rdquo;</blockquote>
]]>

ANZ Leverages Chainlink’s Protocol to Complete Tokenized Assets Transaction using Native Stablecoin

Table of Contents

Cryptonews.com

Other articles published on Sep 15, 2023

Bitcoin Dominance Chart Shows Bullish Momentum, Hints New Highs

Guide to Help Choose Between Online Brokers and Robo Investors

Injective Price Prediction: Is Next Stop $8 For INJ Price?

SHIB's Escalating Search Volume in the US Outperforms Cardano and Dogecoin

Binance US Custody Under Fire Due to Alleged Dishonesty; Is Disaster Incoming?

BlackRock May Shift Crypto Focus from Bitcoin to XRP

Join our free newsletter for daily crypto updates!