global 706 crypto positive
Chainlink, a decentralized oracle service, has partnered with Australia and New Zealand Banking Group (ANZ) to conduct a case study involving its new Cross-Chain Interoperability Protocol (CCIP) technology. The study demonstrated that ANZ-issued stablecoins could be transferred cross-chain via CCIP to purchase nature-based assets. In a paper released by Chainlink Labs in collaboration with ANZ, the authors suggest that CCIP could be the catalyst for the adoption of tokenized assets by institutions. They argue that it could simplify the user experience of interacting with digital assets while providing financial institutions with a way to serve client demand without substantial modifications to their existing infrastructure. In June, SWIFT announced it was testing blockchain interoperability with over a dozen financial institutions on the Chainlink network. In a recent interview on CNBC, Chainlink creator Sergey Nazarov said that the collaboration with SWIFT was going “very well” and that all the key goals they wanted to achieve were achieved. These included using SWIFT messages, connecting multiple private bank chains, and connecting those private bank chains to public chains.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Global
Countries 🇦🇺 🇳🇿
Sentiment positive
Relevance Score 8
People SWIFT, Sergey Nazarov, ANZ
Companies SWIFT, Chainlink, Australia and New Zealand Banking Group (ANZ), DeFi (decentralized finance), Chainlink Labs
Currencies SwiftCash, Bitcoin, Ethereum, Stablecoin, Chainlink
Securities None

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