- ANZ and Chainlink Labs Collaboration
- Significance and Goals of Project Guardian
- Market Outlook and Current Chainlink Prices
ANZ, a leading Australian bank, collaborates with Chainlink Labs and ADDX on a real-world asset tokenization initiative within financial markets under the Monetary Authority of Singapore’s (MAS) Project Guardian.
ANZ and Chainlink Labs Collaboration
ANZ becomes the first Australian bank to participate in Project Guardian. This collaboration aims to expand access to tokenized real-world assets (RWA) in financial markets using Chainlink's Cross-Chain Interoperability Protocol (CCIP). This initiative marks a significant advancement in utilizing blockchain technology for practical and secure financial operations. ANZ, Chainlink Labs, and ADDX will also explore interoperability among private blockchains to facilitate seamless exchanges of assets such as commercial paper.
Significance and Goals of Project Guardian
Project Guardian, led by MAS, aims to enhance the liquidity and efficiency of financial markets through asset tokenization. Since its launch in 2022, the project has fostered cooperation between policymakers and financial industry leaders. According to Mark Evans, ANZ's Singapore Country Head, the project is crucial for meeting the evolving needs of the regional customer base. Nigel Dobson, ANZ’s Banking Services Lead, highlighted the fragmented nature of tokenized asset markets, which are developed across different blockchains that lack native interoperability.
Market Outlook and Current Chainlink Prices
Chainlink's current price is approximately $11.89, after a recent decrease of 4.85%. Chainlink operates on the Ethereum platform, with a circulating supply of 626.85 million tokens. In the last 24 hours, the trading volume has been around $267.79 million, with prices fluctuating between $11.86 and $12.48. The market cap is valued at approximately $7.455 billion.
ANZ's collaboration with Chainlink and ADDX under Project Guardian represents a significant step towards real-world asset tokenization and improving financial market liquidity.
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