ANZ, one of Australia’s major banks, has successfully completed a transaction using its A$DC stablecoin and Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This development highlights the bank’s ability to transfer funds across open and private blockchain networks and test the efficiency and security of deploying real-world assets on-chain. The objective is to create a centralized gateway for major financial institutions to connect with various networks, reducing operational hurdles and investment. Other banks involved in the transaction include BNP Paribas, BNY Mellon, Citi, and Lloyds Banking Group. Chainlink’s CCIP plays a crucial role in exploring the coexistence of banks and the crypto sector. The partnership and tokenization of real-world assets provide valuable insights for ANZ’s investigation into enterprise-grade use cases. The bank expects the continued adoption of digital assets to result in the proliferation of multiple assets across different blockchain networks.
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