By 
ANZ has joined forces with Chainlink Labs and ADDX to explore the interoperability of private blockchains, focusing on the exchange of tokenized real-world assets like commercial paper. This initiative is part of Project Guardian, a Monetary Authority of Singapore (MAS)-led project that brings together leading global financial institutions to drive innovation in the asset tokenization space.
Nigel Dobson, Banking Services Lead at ANZ, addressed the challenges faced by the current landscape of tokenized assets, noting the market’s fragmentation.
“Tokenized asset markets are highly fragmented, with tokenized assets and related services developed across different blockchains that are not natively interoperable. This can limit the adoption of tokenized assets and create complexities for financial institutions in terms of integration,” Dobson explained.
As part of Project Guardian, ANZ is looking to showcase its capabilities in Digital Assets, such as its A$DC (Australian dollar stablecoin), to help its customers seamlessly move goods and capital across the region.
ANZ joins other prominent institutions—including Deutsche Bank, Citi, Fidelity, OCBC, and JPMorgan—that are involved in pilot projects under Project Guardian. These projects are investigating the potential of asset tokenization across various sectors, including fixed income, foreign exchange, and asset management products.
This collaboration marks a significant step toward enabling financial institutions to integrate blockchain technology into their operations and unlocking the potential of tokenized assets for more efficient global trade and financial services.
Comments