The Australia and New Zealand Banking Group (ANZ) is partnering with Singapore-based Guardian Project to explore the benefits of real-world asset (RWA) tokenization in financial markets. The initiative is part of ANZ’s broader efforts to experiment with blockchain technology as the bank looks to improve the movement of tokenized assets across various blockchain networks.
In a press release on September 30, ANZ announced its partnership with Chainlink Labs and ADDX, a Singapore-based investment firm, to test how tokenized assets such as commercial paper can work together across blockchains. The project involves using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable smoother transactions between different blockchain networks.
The Guardian Project, initiated by the Monetary Authority of Singapore (MAS), aims to explore and improve financial market infrastructure through the use of asset tokenization and decentralized finance (DeFi) solutions. The project collaborates with several international regulators, including the UK Financial Conduct Authority, the Japanese Financial Services Agency, the Swiss Financial Markets Supervisory Authority and the Banque de France. It also involves industry players such as DBS Bank, JP Morgan, Deutsche Bank and other financial institutions, who are launching pilot projects to explore different elements of tokenization and DeFi applications.
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