• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

ANZ explores potential of RWA tokenization in Project Guardian

user avatar

by Giorgi Kostiuk

a year ago

Australia and New Zealand Banking Group (ANZ) has joined Singapore's Project Guardian to explore the potential benefits of real-world asset (RWA) tokenization in financial markets.

About Project Guardian

Project Guardian was launched in 2022 by the Monetary Authority of Singapore. It aims to enhance liquidity and efficiency in financial markets through RWA tokenization.

ANZ and Chainlink Collaboration

ANZ will partner with Chainlink Labs and Singapore investment firm ADDX to test how commercial papers can interoperate between blockchains. ANZ plans to use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for this purpose.

Importance of RWA Tokenization

ANZ’s banking services lead Nigel Dobson highlighted that tokenized asset markets are currently 'highly fragmented.' He emphasized that most RWAs can't freely move between blockchains without an interoperability protocol, which slows adoption and complicates integration processes for financial institutions.

ANZ will receive on-the-ground support from Project Guardian in Singapore, enabling the bank to more effectively implement its tokenization initiatives.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SEI Coin Shows Promising Growth Potential

chest

SEI Coin shows promising growth potential following Bitcoin's price recovery, with analysts highlighting its strong momentum and potential upside.

user avatarAyman Ben Youssef

ETH Demand Declines as December Approaches, Mixed Performance Expected

chest

ETH demand declines as December approaches, with mixed performance expected due to limited buying from treasury companies and selling by older whales.

user avatarTando Nkube

ETH Leverage Hits Record High as Traders Prepare for Fusaka Upgrade

chest

ETH leverage on Binance has surged to an all-time high of 0.57, indicating increased risk-taking by traders ahead of the Fusaka upgrade.

user avatarKofi Adjeman

Ripple and RedotPay Join Forces to Revolutionize Cross-Border Payments

chest

Ripple Labs has partnered with RedotPay to enhance the utility of its RLUSD stablecoin, aiming to improve cross-border payments and reduce fees through a new feature that allows users to send cryptocurrencies and convert them to Nigerian Naira.

user avatarNguyen Van Long

Oracle Cloud Infrastructure Set to Expand Market Share

chest

Michael Turrin from Wells Fargo predicts that Oracle Cloud Infrastructure will increase its global market share to 16% by 2029, positioning it alongside major cloud providers like Amazon and Microsoft.

user avatarSatoshi Nakamura

Wells Fargo Bets on Oracle with New Overweight Rating

chest

Wells Fargo's analyst Michael Turrin has initiated coverage on Oracle with an overweight rating and set a price target of $280, indicating a 39% surge from its current trading price.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.