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

MSFT, PYPL Face Pressure Despite S&P 500 Rally

The S&P 500 has hit record highs amid a disruptive AI-driven market surge.Paypal (PYPL)...

Amazon in OpenAI Talks for Custom AI, Investment

Amazon is negotiating a commercial deal for "special access" to OpenAI's technology, aiming to...

Canaccord Slashes MSTR Target 61%, Sees 40% Upside

Canaccord's Joseph Vafi slashed his price target on Strategy by 61% to $185, maintaining...

India Unlikely to Halt Russian Oil Despite Trump’s Claim

Former President Trump announced India agreed to halt Russian oil procurement as part of...

Crypto.com Launches OG Prediction Markets Amid Regulatory Pushback

crypto.com launched a new standalone prediction markets platform named OG, which will offer CFTC-regulated...
- Advertisement -

Must Read

TOP 12 Day Trading Crypto Books For Beginners

Day trading cryptocurrencies has become an increasingly popular financial activity, offering the potential for huge returns to those who understand the market's complexities and...
🔥 #AD Get 20% OFF any new 12 month hosting plan from Hostinger. Click here!