Ethereum

Chainlink

Avalanche

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/anz-partners-with-chainlink-to-advance-global-asset-exchange-and-smart-contracts" rel="noopener noreferrer nofollow">ANZ Partners with Chainlink to Advance Global Asset Exchange and Smart Contracts</a><br></p><p style="text-align: justify">In a significant move toward improving global asset tokenization and smart contract operations, Australia and New Zealand Banking Group (ANZ) has partnered with <a href="https://en.bitcoinhaber.net/significant-crypto-wallet-activity-detected-on-binance-chainlink-and-polygon-tokens-withdrawn" rel="noopener noreferrer nofollow">Chainlink</a> Labs. This collaboration aims to facilitate the global transfer and contractual handling of tokenized assets, leveraging the capabilities of blockchain networks like Avalanche and <a href="https://en.bitcoinhaber.net/ethereum-attracts-investors-with-validator-demand-and-staking-incentives" rel="noopener noreferrer nofollow">Ethereum</a>. ANZ, a key financial institution, serves a vast clientele across multiple markets, providing a range of banking products and services.</p><h2 id="collaboration-enhances-payment-and-trading-of-crypto-assets">Collaboration Enhances Payment and Trading of Crypto Assets</h2><p style="text-align: justify">Both organizations have joined forces to explore the potential of crypto assets within the ecosystem. ANZ showcased the ability for clients to engage in seamless trading and make payments in various currencies against tokenized assets, using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This protocol simplifies the complexity involved in blockchain network transfers of these assets and contributes to the establishment of cross-chain Delivery versus Payment (DvP) agreements. Lee Ross from ANZ’s Technology Area underscored the pivotal role of Chainlink CCIP in streamlining these asset transfers and facilitating atomic DvP contracts without intermediaries.</p><h2 id="avalanche-s-role-in-anz-s-blockchain-strategy">Avalanche’s Role in ANZ’s Blockchain Strategy</h2><p style="text-align: justify">ANZ has tapped into the potential of its own Avalanche Evergreen Subnet, which is designed to be compatible with the Ethereum Virtual Machine and allows for customized transaction fees and permissioning. Anurag Soin, ANZ’s Digital Added Services Product Leader, expressed excitement about Avalanche’s capabilities in providing customizable network environments. This allows institutions to delve into new business models and use cases, while also reaping benefits from the continued development and interoperability of public blockchain networks offered by Avalanche Warp Messaging (AWM).</p><p style="text-align: justify">Institutions can leverage Avalanche’s Evergreen Subnets to execute their blockchain and crypto asset strategies within tailored blockchain spaces. This is made possible with sanctioned counterparts, while still enjoying the advantages of public blockchain network advancements, innovations, and developer communities.</p><h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span><a href="https://en.bitcoinhaber.net/anz-partners-with-chainlink-to-advance-global-asset-exchange-and-smart-contracts" rel="noopener noreferrer nofollow">ANZ Partners with Chainlink to Advance Global Asset Exchange and Smart Contracts</a></h5>

ANZ Partners with Chainlink to Advance Global Asset Exchange and Smart Contracts

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