Chainlink (LINK) has recently announced a partnership with Australia and New Zealand Banking Group (ANZ). ANZ has $670 billion in assets and was one of the participants of the recent case study involving Oracle’s new Cross-Chain Interoperability Protocol (CCIP) technology. This technology was used to complete transactions in tokenized assets using A$DC stablecoin and CCIP.Chainlink and ANZ released a paper that lauds the use cases of CCIP, claiming it would be the underlying driver of tokenized assets by institutions. The paper demonstrates that financial institutions can provide clients with secure access to a wide range of tokenized assets and digital asset services, even across different public and private blockchains.Chainlink also disclosed that the current observation is an additional lesson to the cue taken from Swift’s blockchain interoperability initiative conducted about three months ago. One of the primary objectives of Chainlink is to ensure that both banks and the crypto industry coexist.Sergey Nazarov of Chainlink stated that the collaboration with SWIFT was in the right direction and that all the key goals they wanted to achieve were achieved. They were able to use SWIFT messages, a widely used existing banking standard for initiating blockchain events through CCIP.Nigel Dobson of ANZ acknowledged that banks are increasingly growing to explore the use cases of tokenized assets. He referred to a recent EY report which states that “93 percent of institutional investors believe in the long-term value.”As of press time, Chainlink (LINK) was trading at $8 after surging by 11 percent in the last seven days. The asset is, however, 0.6 percent down in the last 24 hours with a safety score of 75/100. Chainlink (LINK) has recently announced a partnership with Australia and New Zealand Banking Group (ANZ). ANZ has $670 billion in assets and was one of the participants of the recent case study involving Oracle’s new Cross-Chain Interoperability Protocol (CCIP) technology. This technology was used to complete transactions in tokenized assets using A$DC stablecoin and CCIP. Chainlink and ANZ released a paper that lauds the use cases of CCIP, claiming it would be the underlying driver of tokenized assets by institutions.Chainlink also disclosed that the current observation is an additional lesson to the cue taken from Swift’s blockchain interoperability initiative conducted about three months ago. One of the primary objectives of Chainlink is to ensure that both banks and the crypto industry coexist. Sergey Nazarov of Chainlink stated that the collaboration with SWIFT was in the right direction and that all the key goals they wanted to achieve were achieved.Nigel Dobson of ANZ acknowledged that banks are increasingly growing to explore the use cases of tokenized assets. He referred to a recent EY report which states that “93 percent of institutional investors believe in the long-term value.” As of press time, Chainlink (LINK) was trading at $8 after surging by 11 percent in the last seven days. The asset is, however, 0.6 percent down in the last 24 hours with a safety score of 75/100.
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Information |
Details |
Geography |
North America |
Countries |
🇦🇺 🇳🇿 🇺🇸 🇨🇾 🇬🇧 |
Sentiment |
positive |
Relevance Score |
8 |
People |
Sergey Nazarov, Nigel Dobson |
Companies |
SEC, BNY Mellon, Citi, Clearstream, BNP Paribas, Oracle, Coinbase, Australia and New Zealand Banking Group (ANZ), FCA, Euroclear, Swift, CySEC, Lloyds Banking Group, FINRA |
Currencies |
Ethereum, Bitcoin, Chainlink, Australian Dollar |
Securities |
None |