Chainlink Collaborates with ANZ Bank and SWIFT on Cross-Chain Interoperability

Chainlink partners with ANZ Banking Group in a case study using Chainlink's Cross-Chain Interoperability Protocol (CCIP)
The case study demonstrated transferring stablecoins cross-chain to purchase tokenized assets via CCIP
CCIP could accelerate adoption of tokenized assets by financial institutions according to a paper by Chainlink Labs
Chainlink is collaborating with SWIFT on blockchain interoperability, which Chainlink founder Sergey Nazarov says is going very well
The SWIFT collaboration achieved connectivity between private bank blockchains, public chains, and using SWIFT messages to initiate blockchain events

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Relevant topic timeline:

9/11/2023

The Future of Blockchain is Interoperable, With Hundreds of Chains Communicating Securely

The future of blockchain is expected to be interoperable with the proliferation of multiple chains and the end of cross-chain bridge hacks, according to industry executives at Korea Blockchain Week. New products, such as Chainlink's Cross-Chain Interoperability Protocol (CCIP) and MetaMask Snaps, are set to bring about this interoperability and shift the focus from the specific blockchain used to the functionality of smart contracts. The goal is to establish a scalable and secure network of interconnected blockchains for seamless cross-chain transactions and increased utility.

9/15/2023

ANZ Bank Moves Toward Issuing Australian Dollar Stablecoin After Successful Chainlink Test

ANZ is one step closer to launching its stablecoin A$DC after successfully executing a test transaction on Chainlink's Cross-Chain Interoperability Protocol, with the bank seeing "real value" in tokenizing real-world assets like the Australian dollar.

9/18/2023

Chainlink Price Jumps Over 10% as LINK Expands DeFi Presence with SWIFT and Banks

Chainlink's LINK token has surged over 10% due to partnerships with traditional financial institutions, including a deal with SWIFT to scale tokenized asset adoption and a collaboration with Depository Trust and Clearing Corporation (DTCC) on Swift's Blockchain interoperability project, as well as ANZ's use of Chainlink's Cross-Chain Interoperability Protocol (CCIP) to complete a cross-chain purchase of tokenized assets with its stablecoin, A$DC.

9/21/2023

Chainlink Launches CCIP on Arbitrum One to Enable Cross-Chain DApp Development

Chainlink has launched its Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One, an Ethereum layer 2 scaling protocol, enabling developers to build cross-chain decentralized applications and unlocking various use cases, such as tokenization, gaming, and data storage.

9/27/2023

Chainlink Expands Cross-Chain Protocol to Coinbase's Base Layer-2, Enabling Blockchain Connectivity with SWIFT

Blockchain oracle platform Chainlink has expanded its cross-chain capabilities by enabling the Cross-Chain Interoperability Protocol (CCIP) on Coinbase-backed Ethereum layer-2 network Base, allowing developers to easily build cross-chain applications and services.

10/11/2023

Chainlink Rally Fizzles Out Amid Business Model Concerns and Reduced Security

Chainlink (LINK) has outperformed Bitcoin (BTC), Ethereum (ETH), and other altcoins since September, becoming the leading decentralized blockchain oracle solution; however, concerns arise as the price faces a 10% correction and breaking the $7.20 support level may erase previous gains. The recent surge in LINK's value can be attributed to successful tests by SWIFT and the Australia and New Zealand Banking Group (ANZ), but changes to Chainlink's multisig and a decline in protocol fees have reduced investor interest.

10/23/2023

Chainlink Soars Over 8% as Cross-Chain Protocol Drives Adoption in Traditional Finance

The native token of the Chainlink decentralized oracle network platform, LINK, is leading the market with a bullish start, attributed to the growing popularity of its Cross-Chain Interoperability Protocol (CCIP) and its integration with major financial institutions.

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Posted 10/1/2023, 6:45:39 PM