Loading cryptocurrency prices...

ANZ and Fidelity Tap Chainlink for Onchain Cash Payments

  • ANZ and Fidelity International conducted a test transaction of tokenized assets and onchain funds using ChainLink technology.
  • The test demonstrated how institutional assets and real-world funds can be linked on blockchain networks.
  • Secure interoperability between public and private blockchains was achieved with Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
  • The transaction clarified what infrastructure is required for secure digital money movement to support institutional involvement in digital assets.
  • Organizations highlighted steps for future development, including regulatory clarity and further integration of blockchain-based payment systems.

ANZ and Fidelity International recently completed a live demonstration involving tokenized assets and digital cash using Chainlink technology. The transaction took place as part of an initiative to showcase how institutional investors can interact with digital money and assets securely on blockchain networks.

- Advertisement -

The demonstration used Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect different blockchain networks, moving tokenized funds in a secure way. Company representatives stated this transaction highlights the potential for blockchain technology to provide secure digital payment rails for financial institutions.

In their statements, executives noted the role of secure, industry-standard protocols to enable transactions between banks and asset managers. “Enabling seamless movement of real-world assets and cash is essential for the future of finance,” an official shared. ANZ and Fidelity International indicated that integrating CCIP allowed their systems to communicate without compromising security or compliance.

According to details of the transaction, assets and payment tokens were transferred using smart contracts—self-executing contracts with the rules directly written into code. The organizations emphasized the need for reliable infrastructure, connectivity between public and private chains, and clear legal frameworks for digital asset transactions.

Moving forward, ANZ, Fidelity International, and Chainlink have outlined next steps focusing on regulatory clarity, broader industry adoption, and tighter integration of digital payment solutions. They believe that robust interoperability and compliance will be central in expanding the use of tokenized assets for institutional players.

- Advertisement -

Additional discussions highlighted the importance of involving industry consortia and regulators to establish standards. The companies view this as a first step toward scalable solutions for onchain cash and digital asset settlement.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

Scammers Exploit Australia’s Cybercrime System to Steal Crypto

Scammers use Australia's official cybercrime platform to impersonate federal police and steal cryptocurrencies.Fraudulent reports...

Dromos Labs to Launch Aero Token in 2026, Challenging Uniswap

Dromos Labs will launch the Aero protocol and token on Ethereum in the second...

Parag Agrawal’s AI Startup Raises $100M, Valued at $740 Million

Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has secured $100 million...

Crypto Fear Fuels Potential for Unexpected November Rally

Crypto market sentiment is showing extreme fear, the lowest since March, amid ongoing declines....

IBM Unveils 120-Qubit Nighthawk Chip, Aiming for Quantum Advantage by 2026

IBM unveiled the Nighthawk and Quantum Loon quantum processors, marking significant progress toward verified...
- Advertisement -

Must Read

9 Best Books On Ethereum And Blockchain Technology

QUICK LINKSHow to Choose Your First Blockchain Book: A Simple Framework1. Define Your Goal: Are you looking to Build, Invest, or Understand?2. Assess Your...