ANZ becomes the first Australian bank to join project guardianan initiative led by the Monetary Authority of Singapore (MAS).
This project aims to explore broader access to tokenized real-world assets such as commercial paper in financial markets.
ANZ will work with Chainlink Labs and ADDX, a Singapore-based private market exchange platform, to test the interoperability of these assets across different blockchains.
This includes considering how ANZ’s stablecoin A$DC can be used to facilitate the movement of goods and capital across the region.
Launched in 2022, Project Guardian brings together policymakers and the financial industry to enhance the efficiency and liquidity of financial markets through the tokenization of assets.
ANZ Head of Banking Services Nigel Dobson said:
“The tokenized asset market is highly fragmented, with tokenized assets and related services being developed across different blockchains that are not natively interoperable. This adds complexity and may limit the adoption of tokenized assets.
We are delighted to be joining Project Guardian and look forward to demonstrating how we can use new digital asset capabilities, such as A$DC, to help our customers move goods and capital across the region. I am. ”
Mark Evans, Country Head of ANZ Singapore, said:
“ANZ has been in Singapore for 50 years, and during that time our customers have benefited from a bank with access to a regulatory environment that truly fosters innovation.
We are excited to join Project Guardian and play a role in fast-tracking the development of a stable and secure digital asset ecosystem that will be essential to meeting the future needs of customers across the region. ”
Featured image credit: Edited from freepic
