Home Finance News Chainlink Partners with $670 Trillion Bank, Nazarov Optimistic about SWIFT Project.

Chainlink Partners with $670 Trillion Bank, Nazarov Optimistic about SWIFT Project.

0
Chainlink Partners with $670 Trillion Bank, Nazarov Optimistic about SWIFT Project.

Decentralized oracle service, Chainlink, has partnered with Australia and New Zealand Banking Group (ANZ) to explore the use of the oracle’s Cross-Chain Interoperability Protocol (CCIP). The case study demonstrated that ANZ-issued stablecoins could be transferred cross-chain via CCIP to purchase nature-based assets. According to a paper released by Chainlink Labs and ANZ, CCIP could drive the adoption of tokenized assets by institutions. This collaboration follows SWIFT’s announcement that it was testing blockchain interoperability with financial institutions on the Chainlink network.

Chainlink creator, Sergey Nazarov, stated in an interview that the collaboration with SWIFT was successful, achieving their key goals. They were able to use SWIFT messages to initiate blockchain events through CCIP and connect multiple private bank chains to each other and public chains for decentralized finance transactions. This partnership with ANZ demonstrates Chainlink’s potential to simplify the user experience of interacting with digital assets for financial institutions.

The collaboration between Chainlink and ANZ explores the use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and its potential impact on tokenized assets. The case study conducted by ANZ demonstrated that ANZ-issued stablecoins can be transferred cross-chain using CCIP to purchase nature-based assets. Chainlink Labs and ANZ believe that CCIP could encourage the adoption of tokenized assets by institutions in a user-friendly and secure manner. This collaboration follows SWIFT’s announcement of testing blockchain interoperability with financial institutions on the Chainlink network. Chainlink creator Sergey Nazarov expressed satisfaction with the collaboration with SWIFT, achieving all their goals successfully. The partnership with ANZ showcases Chainlink’s ability to simplify the digital asset user experience for financial institutions.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here