The decentralized oracle service Chainlink (LINK) is teaming up with lending giant Australia and New Zealand Banking Group (ANZ).
According to a press release from Chainlink, ANZ participated in a case study involving the oracle’s new Cross-Chain Interoperability Protocol (CCIP) technology.
The case study reportedly demonstrated that ANZ-issued stablecoins could be transferred cross-chain via CCIP to purchase nature-based assets.
In a paper released by Chainlink Labs in collaboration with ANZ, the authors say that CCIP could be what catalyzes the adoption of tokenized assets by institutions.
“The case study presented in this paper demonstrates that financial institutions can provide clients with secure access to a wide range of tokenized assets and digital asset services, even across different public and private blockchains. This can vastly simplify the user experience of interacting with digital assets while
providing financial institutions with a way to serve client demand withou
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