Contemporary institutional investors hold strong faith in the transformative potential of asset management through tokenization. ANZ (Australia and New Zealand Banking Group) successfully implemented the Delivery vs. Payment (DvP) process to settle tokenized assets across diverse networks and currencies. Leveraging blockchains and custom smart contract logic offers a unique opportunity to modernize DvP processes by integrating tokenized assets and payments, showcasing their most intelligent attribute.

According to ANZ’s Technology Domain Lead Lee Ross, Chainlink CCIP played a crucial role in simplifying the complexities associated with transferring tokenized assets across multiple chains, enabling atomic cross-chain DvP.

Reports suggest that ANZ simulated the acquisition of tokenized assets on Ethereum for a single stablecoin, with ANZ providing FX conversion services between the currencies. ANZ is recognized for delivering a refined frontend user experience when utilizing tokenized assets, employing the Avalanche Evergreen Subnet for EVM compatibility, a customized gas token, and permission management.

Anurag Soin, Product Lead, Digital Added Services at ANZ, highlights the benefits of leveraging Avalanche’s Evergreen subnets, enabling exploration of novel business models and use cases while harnessing the advantages of adaptable networks like Avalanche. This exploration aims to revolutionize the international financial sector through smart contracts, blockchain, and tokenization.

Avalanche’s Evergreen Networks offer essential infrastructure for enterprises to implement blockchain and digital asset strategies, operating in both decentralized and conventional finance realms. Citi and JP Morgan endorse blockchain initiatives utilizing Evergreen Subnets as part of Project Guardian, a partnership established by the Monetary Authority of Singapore.

The ANZ project opens up numerous possibilities for traditional service providers seeking an enhanced iteration of capital markets facilitated by blockchain technology. The infrastructures developed by Chainlink and Avalanche offer both interoperability and localization, leading the way in chain value transfer. This innovative endeavor paints a vibrant picture of the promising future of finance, with initial transaction outcomes showing remarkable success. Chainlink, powering the verifiable web, stands out as the decentralized computing platform of choice in its industry.

Chainlink enables financial institutions, startups, scaleups, and developers to access real-world data and offchain computing across any blockchain network, facilitating nearly $9 trillion in transactions. Avalanche’s unique capability to complete transactions in under a second has made it immensely popular among Web3 developers, enabling robust and customized blockchain solutions. The widespread adoption of Avalanche underscores the significance of tokenization in enhancing capital market infrastructure.