- Project Guardian uses Chainlink’s CCIP to enhance privacy and secure cross-chain transactions for tokenized assets.
- ANZ and ADDX’s collaboration shows how tokenized commercial paper works seamlessly in regulated financial environments.
- Swift and Chainlink are streamlining global fund transactions, making digital assets more accessible to global financial institutions.
ADDX, ANZ, and Chainlink are leading the way in cross-border, privacy-focused tokenized asset transactions under the Monetary Authority of Singapore’s (MAS) Project Guardian. This most recent effort uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for safe, private cross-chain transactions to illustrate the full lifecycle of tokenized commercial paper, from issuance to redemption.
An ANZ investor from Australia demonstrated the effectiveness of blockchain in regulated settings by successfully transacting tokenized commercial paper using the licensed ADDX platform.
Enhanced Interoperability Through Chainlink CCIP
The project integrates ADDX’s investment platform, ANZ’s Digital Asset Services, and Chainlink’s CCIP, enabling transactions on private, permissioned blockchains. Additionally, CCIP’s interoperability facilitates secure transactions across institutional chains, ensuring end-to-end data confidentiality.
Significantly, this interoperability prevents third-party data access, reinforcing privacy. Besides, this system showcases the potential of regulated financial institutions to securely transact digital assets without compromising data security. Consequently, this innovation underscores how digital assets can modernize financial transactions.
The goal is to streamline asset issuance and redemption, enhancing efficiency while complying with regulatory standards. “This initiative demonstrates the integration of blockchain solutions into existing financial systems,” said Inna Ho Wang, Co-Founder of ADDX.
Additionally, Richard Yetsenga, Head of Digital Asset Services at ANZ, emphasized the transformative potential of tokenized assets, citing their efficiency and transparency within established frameworks.
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Swift’s Role in Expanding Digital Asset Accessibility
Moreover, Swift, UBS Asset Management, and Chainlink successfully completed a pilot for tokenized fund subscriptions using Swift’s network. This collaboration with Project Guardian aims to integrate tokenized transactions with global fiat payment systems, covering over 11,500 institutions across 200 countries.
Traditionally, fund subscription and redemption processes are prone to delays, increasing operational costs. Hence, by automating these steps, Swift’s infrastructure could streamline the global $63 trillion mutual fund market, reducing inefficiencies.
Jonathan Ehrenfeld, Swift’s Head of Strategy, explained that bridging digital assets with existing systems is essential for global adoption. He noted that Swift’s network can connect financial institutions with multiple blockchain ecosystems, enhancing scalability. Additionally, Sergey Nazarov, Chainlink’s Co-Founder, highlighted that the collaboration with Swift could boost digital asset adoption by linking off-chain payment systems.
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