- ANZ Bank, ChinaAMC and Fidelity have completed a cross-border settlement pilot project using the Chainlink infrastructure.
- The pilot was organized by the Hong Kong Central Bank to test automated compliance and atomic payments.
US asset manager Fidelity has collaborated with three global financial giants on a pilot cross-border settlement program in Hong Kong. The pilot leveraged Chainlink infrastructure for secure digital asset movement, atomic settlement, and automated compliance.
According to the announcement, the pilot brought together payments giant Visa, New Zealand’s largest lender ANZ Bank, and the Hong Kong arm of ChinaAMC, one of the region’s largest asset management companies. It was conducted under the second phase of Hong Kong’s CBDC program to assess how tokenized money can improve cross-border transactions.
MILESTONE: Visa, ANZ, ChinaAMC and Fidelity International complete cross-border settlement solution powered by Chainlink.
Under the Hong Kong Monetary Authority’s e-HKD program, Chainlink enables secure transfers of regulated assets with automated compliance and atomic settlement🧵 pic.twitter.com/Ft9MO74C4L
— Chainlink (@chainlink) March 5, 2026
The overall program, led by the Hong Kong Monetary Authority, tested a system where users rely on digital money such as stablecoins and tokenized bank deposits to purchase tokenized investment funds on permissioned networks and public blockchains with near-instant settlement.
HKMA chose the oracle network to connect the chains and enable interoperability. One of the routes was between DASChain, a permissioned blockchain developed by ANZ Bank for tokenized financing, and Sepolia, an Ethereum testnet used by developers to test smart contracts and dApps without using real Ether. On why they chose Chainlink, HKMA stated:
This choice aligns with the need for secure, compliant interoperability in tokenized asset ecosystems.
Chainlink says its infrastructure has provided participants with automated compliance and verified identities, which are critical in regulated financial use cases. It also offered atomic transactions, where settlement is completed for both sides of a transaction, or not at all. This eliminates settlement risk where one party can deliver what is needed while the other party fails.
Chainlink makes cross-border payments possible
Chainlink stated:
The advanced solution uses Chainlink data, interoperability and compliance standards to solve the biggest problems facing institutional smart contracts.
These problems include automation. The network’s digital transfer agent standard automated the issuance of tokenized fund units while retrieving on-chain NAV data. This made real-time settlement possible.
Chainlink’s CCIP enabled secure messaging between ANZ’s DASChain and Ethereum’s Sepolia and the transfer of the CBDC between jurisdictions.
“Chainlink is the only platform that solves all of these institutional requirements within a single infrastructure, enabling end-to-end, regulated cross-border settlement and accelerating the movement of the global financial system on-chain,” the network said.
Emma Pecenicic, Head of Partnerships in APAC for Fidelity, commented:
We see great potential for tokenization of funds to bridge the gap between traditional financial systems and the emerging digital asset economy. These advancements not only open new distribution channels, but also improve operational efficiency and support cross-border investment opportunities.
Earlier this week, Chainlink expanded its presence in MENA after the UAE’s ADI Chain adopted CCIP for its tokenization program, as CNF reported.