ADDX, the Singapore investment platform, has partnered with Australia’s ANZ bank and Chainlink in a cross border use case as part of Singapore’s Project Guardian tokenization experiments.
In the trial, a tokenized commercial paper security is purchased from the ADDX platform by an Australian client of ANZ bank. Both ADDX and ANZ Digital Asset Services use separate private permissioned blockchains. Hence, the interoperability for the transaction settlement is enabled via Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
However, CCIP operates on a public network, and the transaction details need to be kept private for compliance purposes. Hence, it uses CCIP’s private transactions, a new Chainlink offering that keeps several aspects confidential, including amounts, counterparty details and the settlement instructions.
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