One of Australia and New Zealand’s largest banks joined Project Guardian to test the exchange of tokenized real-world assets (RWA) between different private blockchains.
Docklands View with Bolte Bridge ANZ Headquarter Building
Author: Donaldytong
Australia and New Zealand Banking Group (ANZ), Australia’s leading financial conglomerate, announced its participation in Project Guardian. Under the initiative, the bank will work with Chainlink Labs and ADDX to explore interoperability mechanisms between private blockchains for exchanging tokenized RWAs such as commercial paper.
Project Guardian was launched by the Monetary Authority of Singapore (MAS) in 2022 to explore potential benefits of tokenizing RWAs in global financial markets and create regulatory frameworks for the digital asset ecosystem. In 2024, Project Guardian was expanded to include a number of international financial institutions.
ANZ’s participation in the project includes the creation of a more flexible and interconnected tokenization ecosystem, which could greatly facilitate the use of tokenized assets across different blockchains. According to Nigel Dobson, ANZ Banking Services Lead, the complexity of interoperability between different blockchains limits the adoption of tokenized assets, so the bank plans to create simpler and more efficient solutions for RWA integration.
Mark Evans, ANZ Singapore Country Head, said that participation in Project Guardian will allow the bank to promote the development of a stable and secure digital ecosystem in the Asia-Pacific region. Through the project, ANZ intends to demonstrate the benefits of using the bank’s A$DC stablecoin to facilitate payments and capital flows in the region.
Australia and New Zealand Banking Group (ANZ) is one of the largest banks in Australia and New Zealand. Founded in 1835, it offers a wide range of financial services, including banking, lending, wealth management, and investment services. As of 2023, ANZ had approximately AUD1 trillion (~$690 billion) in AUM.
ANZ previously partnered with Chainlink on a joint project to simplify the settlement of tokenized assets in Australia. The use of the A$DC stablecoin was tested in tokenized carbon credit transactions.
