ANZ, Australia's banking giant, has joined Singapore's Project Guardian, led by the Monetary Authority of Singapore (MAS), to explore the tokenization of real-world assets (RWAs) in financial markets. The collaboration aims to test how RWAs, such as commercial papers, can function across different blockchains using blockchain oracle provider Chainlink Labs and investment firm ADDX. ANZ is particularly interested in enhancing the mobility of its Australian dollar-backed stablecoin across blockchains and will leverage Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enable easier movement of RWAs between blockchains. ANZ will receive support from Project Guardian, which previously involved other financial institutions and government policymakers. Recently, ANZ and Chainlink Labs demonstrated the use of blockchain interoperability to facilitate international transfers and settlements of tokenized assets. ANZ's involvement in Project Guardian reflects its commitment to exploring the potential of on-chain digital assets.



Other News from Today