The post Chainlink and ANZ Team Up for Project Guardian: Revolutionizing Cross-Chain RWA Transactions appeared on BitcoinEthereumNews.com.

Recently, Chainlink, the web3 services platform, collaborated with ANZ and ADDX to work on the Monetary Authority of Singapore’s (MAS) Project Guardian. This project will aim towards the enhancement of the cross-chain transactions of real-world assets and explore interoperability between private blockchains Chainlink is the Web3 services platform that has enabled trillions of dollars in transaction volume across various vital industries, including decentralized finance, insurance, gambling, and non-fungible tokens. Chainlink is the leading decentralized oracle network, and it enables developers to construct feature-rich Web3 applications that have seamless access to real-world data and off-chain computing across any blockchain. Additionally, it helps global organizations by providing a common gateway to all blockchains. About Project Guardian & ANZ Bank Australia and New Zealand Banking Group Limited, more often known as ANZ, is a multinational financial services and banking corporation that carries out operations in a variety of areas all over the world.  With the help of Chainlink Labs and ADDX, ANZ will investigate the possibility of private blockchains communicating with one another to trade tokenized versions of physical assets like commercial paper. “Tokenized assets and related services developed across different blockchains that are not natively interoperable,” stated Nigel Dobson, Lead of Banking Services at ANZ. While this complicates integration for financial institutions, it also has the potential to reduce the adoption of tokenized assets. Mr. Dobson expressed his company’s enthusiasm about joining Project Guardian, its upcoming Digital Assets capabilities, such as A$DC, and how they may help customers move products and capital within the area. Project Guardian Objectives Project Guardian uses the four-tiered model to explain the various technological parts of a digital asset network. The reference model is necessary to put the many digital asset solution layers’ interactions into perspective. Separate entities could be responsible for governing and implementing each layer.…

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Filed under: News - @ October 1, 2024 1:24 pm