New York, Thursday , October 10, 2024 – Chainlink Labs has announced a partnership with ANZ, one of Australia’s largest banks, as part of the Monetary Authority of Singapore’s (MAS) Project Guardian.
The collaboration, unveiled on September 30, aims to explore the tokenization of real-world assets (RWAs) using Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
Through this partnership, Chainlink will facilitate the secure cross-chain exchange of tokenized RWAs, helping financial markets access tokenized assets more efficiently. ANZ’s participation in Project Guardian underscores its commitment to advancing a stable, secure digital asset ecosystem, according to ANZ Singapore head Mark Evans.
ANZ’s Banking Services Lead Nigel Dobson highlighted the challenges of fragmented tokenized asset markets. This partnership will help the bank leverage its digital assets capabilities, including its Australian dollar stablecoin, A$DC.
Project Guardian, initiated by MAS in May 2022, focuses on the integration of decentralized finance (DeFi) and has expanded to include real-world asset tokenization. Currently, $12.7 billion worth of RWAs are tokenized on-chain, with a 53% growth in 2024 alone.
Despite this high-profile partnership, Chainlink’s native token, LINK, saw a 1.4% dip, trading at $12.13 at the time of writing, reflecting the broader downturn in altcoin markets.
This partnership marks a significant step forward for both Chainlink and ANZ as they aim to drive innovation in digital assets and tokenization.
