Australian bank joins Project Guardian to explore RWA tokenization
Major Australian bank ANZ is interested in exploring how it can move its Australian dollar-backed A$DC stablecoin between blockchains.
Australia and New Zealand Banking Group — one of Australia’s “Big Four” banks — has joined Singapore’s Project Guardian to explore the potential benefits of real-world asset tokenization in financial markets.
ANZ will partner with blockchain oracle firm Chainlink Labs and Singapore investment firm ADDX to test how RWAs like commercial papers can interoperate between blockchains, ANZ revealed in a Sept. 30 statement.
Project Guardian was launched in 2022 by the Monetary Authority of Singapore as a collaborative initiative between policymakers and the financial industry to enhance liquidity and the efficiency of financial markets through RWA tokenization.
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Author: Brayden Lindrea
