BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

ANZ and Chainlink Showcase Cross-Blockchain Settlements in New Collaboration

by Matoy
March 25, 2024
in Breaking News, Business, Crypto, DeFi
A A
2
SHARES
Share on TwitterShare on Reddit
  • ANZ and Chainlink Labs demonstrate asset trading across Avalanche and Ethereum using CCIP for seamless settlements.
  • The initiative explores Delivery vs. Payment mechanisms to modernize and secure transactions without intermediaries.
  • ANZ’s move signifies the merging of traditional finance with DeFi, promising advancements in blockchain-enabled asset settlements.

The Australia and New Zealand Banking Group (ANZ) has teamed up with Chainlink Labs to bridge the gap between the Avalanche and Ethereum blockchain networks, showcasing a groundbreaking approach to on-chain settlement solutions. This partnership leverages Chainlink’s cross-chain interoperability protocol (CCIP) to offer a glimpse into the future of seamless financial transactions across diverse blockchain landscapes.

Innovative Settlement Solutions

In this collaboration, ANZ harnessed the power of CCIP to enact a simulation where tokenized assets were purchased on Ethereum using one form of stablecoin, with the transactions initiated and settled on Avalanche using a different stablecoin. This process underscores the potential for integrating “Delivery vs. Payment” protocols into blockchain transactions, promising more efficient and secure exchanges of assets and payments.

Seamless Cross-Blockchain Transactions

The practical application of this collaboration saw an ANZ customer navigating through the bank’s digital asset service portal to acquire a tokenized version of the New Zealand dollar stablecoin via Avalanche. Following this, the customer proceeded to buy tokenized Australian nature-based assets on the Ethereum network, priced in tokenized Australian dollar stablecoins.

Forward-Looking Collaborations

This venture between ANZ, Chainlink, and Avalanche is a testament to the evolving landscape of financial services, where the boundaries between traditional banking and decentralized finance are increasingly blurring. With an eye on deploying these solutions on blockchain mainnets, ANZ is poised to lead a transformative wave in blockchain-enabled asset settlements, potentially reshaping the financial services industry’s infrastructure.

As traditional financial institutions continue to explore and integrate blockchain technologies, collaborations like these offer promising insights into the future of finance, where transactions are not only more secure and efficient but also universally accessible across multiple blockchain platforms.

Tags: AustraliaAvalanchecrypto
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

Comparing Cycles: Analyst Sees V-Shape Recovery Potential for Ethereum
Crypto

Comparing Cycles: Analyst Sees V-Shape Recovery Potential for Ethereum

May 19, 2025
Bitcoin’s Ultimate Floor? 200 WMA Rises as Price Holds Strong
Bitcoin

Bitcoin’s Ultimate Floor? 200 WMA Rises as Price Holds Strong

May 19, 2025
Triple Breakout? SUI Chart Hints at Potential Move Towards $4.80 (and Beyond)
Crypto

Triple Breakout? SUI Chart Hints at Potential Move Towards $4.80 (and Beyond)

May 18, 2025
Despite Price Drop, Cardano Whales Scoop Up 80 Million ADA—Here is What Big Money is Doing
Cardano

Despite Price Drop, Cardano Whales Scoop Up 80 Million ADA—Here is What Big Money is Doing

May 18, 2025
Dogecoin Primed for Breakout? Bullish Pattern Emerges Below THIS Key Resistance
Crypto

Dogecoin Primed for Breakout? Bullish Pattern Emerges Below THIS Key Resistance

May 18, 2025
$2 Billion Exodus: XRP Open Interest Tanks as Volatility Grips Market — What Does This Mean for Investors?
Crypto

$2 Billion Exodus: XRP Open Interest Tanks as Volatility Grips Market — What Does This Mean for Investors?

May 18, 2025
Load More

Related News

Bitcoin’s Ultimate Floor? 200 WMA Rises as Price Holds Strong

Bitcoin’s Ultimate Floor? 200 WMA Rises as Price Holds Strong

May 19, 2025
Triple Breakout? SUI Chart Hints at Potential Move Towards $4.80 (and Beyond)

Triple Breakout? SUI Chart Hints at Potential Move Towards $4.80 (and Beyond)

May 18, 2025
Despite Price Drop, Cardano Whales Scoop Up 80 Million ADA—Here is What Big Money is Doing

Despite Price Drop, Cardano Whales Scoop Up 80 Million ADA—Here is What Big Money is Doing

May 18, 2025
Dogecoin Primed for Breakout? Bullish Pattern Emerges Below THIS Key Resistance

Dogecoin Primed for Breakout? Bullish Pattern Emerges Below THIS Key Resistance

May 18, 2025
$2 Billion Exodus: XRP Open Interest Tanks as Volatility Grips Market — What Does This Mean for Investors?

$2 Billion Exodus: XRP Open Interest Tanks as Volatility Grips Market — What Does This Mean for Investors?

May 18, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.