According to a statement on November 6, private exchange ADDX, Australia and New Zealand Banking Group (ANZ) and Chainlink have launched an innovative cross-border transaction solution using tokenized commercial paper. The project leverages ADDX’s investment platform, ANZ’s Digital Asset Services and Chainlink’s Cross-Chain Interoperability Protocol (CCIP) with its private transaction functionality. It is designed to ensure regulatory compliance for digital asset transactions by allowing financial institutions to tokenize and execute these transactions within their existing frameworks.
Commercial Paper was chosen for this pilot because of its short-term nature, which allows the full life cycle of the asset to be demonstrated. This setup will allow Australian investors to purchase and redeem tokenized commercial paper from ADDX, a licensed market operator. Transactions will be settled on private blockchains using Chainlink’s CCIP, while transaction data will remain private on the public CCIP chain for regulatory compliance.
Inmoo HwangCFO of ADDX Group, noted that the use case simplifies the entire process for tokenized financial assets, from issuance to redemption. He highlighted the pilot’s potential to improve operational efficiency, accelerate settlement times and strengthen cross-border functionality. Co-founder of Chainlink Sergei Nazarov echoed this sentiment, adding that the use case represents a significant advancement for blockchain technology, both in the transaction process and in its secure, innovative execution.
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