ANZ Bank has announced its participation in Project Guardian, spearheaded by the Monetary Authority of Singapore, aimed at expanding access to tokenized real-world assets within the financial markets. This initiative seeks to facilitate interoperability between private blockchains for the exchange of assets like commercial paper.
In this project, ANZ is collaborating with Chainlink Labs and ADDX to enhance the infrastructure necessary for secure transactions involving tokenized assets. Project Guardian, which began in 2022, is a collaborative effort between public and private sectors designed to test the viability of tokenizing real-world assets. Notable participants include financial institutions such as Deutsche Bank, Citi, and Apollo, along with regulatory bodies like the UK's FCA and Japan's FSA.
According to Mark Evans, Head of ANZ Singapore, the bank aims to accelerate the development of a secure digital asset ecosystem that meets the evolving needs of customers across the region. Chainlink co-founder Sergey Nazarov expressed enthusiasm for the collaboration, emphasizing that interoperability is crucial for large-scale transactions involving tokenized assets.
ANZ has been a key player in Singapore's financial landscape for 50 years, marking its commitment to innovation and digital transformation.
