Chainlink Partners with $670 Billion Bank; Sergey Nazarov Positive on SWIFT Project Progress

Decentralized oracle platform Chainlink (LINK) forms partnership with leading Australian and New Zealand Banking Group (ANZ).

Chainlink recently announced a collaboration with Australia and New Zealand Banking Group (ANZ) to explore its new Cross-Chain Interoperability Protocol (CCIP) technology. The joint case study revealed the potential of transferring ANZ-issued stablecoins across different blockchains to acquire nature-centric assets.

A joint publication by Chainlink Labs and ANZ emphasized the transformative potential of CCIP in promoting the institutional adoption of tokenized assets. The paper suggests that CCIP can enable financial institutions to offer clients a seamless experience with digital assets without overhauling their current systems. Drawing parallels with the internet and global banking evolution, the report indicates that cross-chain standards could fast-track the acceptance of tokenized assets in the financial sector.

Earlier in June, SWIFT, the global banking communication network, disclosed its blockchain interoperability tests with multiple banks on Chainlink's platform. In a recent CNBC interview, Chainlink's founder, Sergey Nazarov, expressed satisfaction with the SWIFT partnership, highlighting the successful integration of SWIFT messages with blockchain events via CCIP. He also noted the successful interconnection of various private bank chains, enabling inter-bank transactions and interactions with public blockchain contracts, such as DeFi platforms.

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Oct 02, 2023

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