The Australia and New Zealand Banking Group (ANZ) has joined forces with Guardian Project, a Singapore-based company, to study the advantages of real-world asset (RWA) tokenization in financial markets. This partnership forms part of ANZ’s wider strategy to explore the potential of blockchain technology in enhancing the transfer of tokenized assets across various blockchain networks.
On September 30, ANZ revealed its collaboration with Chainlink Labs and ADDX, an investment firm based in Singapore, to test the interoperability of tokenized assets like commercial paper across different blockchains. The project will leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate seamless transactions between diverse blockchain networks.
Guardian Project, initiated by the Monetary Authority of Singapore (MAS), aims to enhance financial market infrastructure through asset tokenization and decentralized finance (DeFi) solutions. The project has formed partnerships with regulatory bodies like the UK’s Financial Conduct Authority, Japan’s Financial Services Agency, the Swiss Financial Market Supervisory Authority, and Banque de France. Industry leaders such as DBS Bank, J.P. Morgan, Deutsche Bank, and other financial institutions are also involved in launching pilot projects to explore various aspects of tokenization and DeFi applications.
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