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ANZ Joins MAS’s ‘Project Guardian’ to Explore Real-World Asset Tokenization

Oct 1, 2024
  1. ANZ Joins Project Guardian
  2. ANZ Utilizes Chainlink's CCIP Protocol
  3. Streamlining Tokenized Asset Transfers between Avalanche and Ethereum

ANZ has joined the Monetary Authority of Singapore (MAS) ‘Project Guardian’ to explore real-world asset (RWA) tokenization in financial markets.

ANZ Joins Project Guardian

On September 30, ANZ announced its participation in MAS’s ‘Project Guardian’. As part of the project, ANZ will test how real assets like commercial papers can function across different blockchains in collaboration with Chainlink Labs and Singapore-based investment firm ADDX.

MAS is a global leader in its unwavering commitment to digitize the financial system through industry collaboration. We’re pleased to join Project Guardian and play a role in fast-tracking the development of a stable, secure digital asset ecosystem which will be essential to meeting the future needs of our customers across the region.Mark Evans

ANZ Utilizes Chainlink's CCIP Protocol

Two years ago, MAS launched ‘Project Guardian’ to improve liquidity and efficiency in financial markets through the tokenization of real-world assets. ANZ is leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance the mobility of its Australian dollar-backed A$DC stablecoin. The protocol's implementation will allow real-world assets to move more freely across blockchains.

Streamlining Tokenized Asset Transfers between Avalanche and Ethereum

ANZ and Chainlink Labs recently showcased the outcomes of a project that connected blockchains for the international transfer and settlement of tokenized assets, such as Avalanche and Ethereum. ANZ used its own Avalanche Evergreen Subnet for this initiative, thanks to its EVM compatibility and other features.

ANZ’s participation in ‘Project Guardian’ and the use of innovative technologies like Chainlink’s CCIP protocol are contributing to the development of a more efficient and mobile financial architecture for tokenized assets.

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