Intro:
The prominent Australian bank, ANZ (one of the largest banks in the world), has effectively showcased the capabilities of Chainlink CCIP in facilitating cross-chain settlement for tokenized assets! In this article we will explore this development!
The Announcement:
On the 14th of September, ANZ Published an article titled ‘Sibos 23: the next step for digital assets is together’ revealing that they are working actively with Chainlink utilizing their CCIP to facilitate tokenized assets which we know is the future of markets! They go onto say in the article – “Building on the lessons learned from the Swift initiative, 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. This transaction involved technical integration of ANZ’s digital asset services technology stack with CCIP to realise cross-chain settlement of tokenised assets securely and efficiently.”
Sergery Nazarov CEO and Co-Founder of chainlink made a comment on twitter on the matter: “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 stablecoin transactions, the role of Chainlink and CCIP as a standard for interbank transactions for stablecoins and tokenized real world assets is becoming a reality”
Chainlink Is Changing Finance:
We know that the tokenization of assets is likely according to Larry Fink the next evolution of markets and its going to be facilitated by the crypto space! Chainlink seem to be inline with the evolution of markets and actually spearheading it! Chainlink plays a major role in the crypto space with its oracle solutions that solved the issues of getting data on-chain to bake into smart contracts! They are now solving the issue of brining the ‘real’ world into the ‘digital’ one, and if Chainlink can successfully do this the value they will facilitate in the forms of tokenization will be in the 10s if not 100s of trillions of dollars! We covered the potential of Chainlink in this article!
Conclusion:
This is another major partnership for Chainlink, and its just one of hundreds at this point! the picture is very clear when it comes to the evolution of markets becoming tokenized as it enhances and improves markets globally! The picture is also very clear that Chainlink is leading this industry and likely going to be a key enabler in this transformation! We will keep you up to date with the latest and greatest when it comes to this exciting crypto project!
