According to a statement on November 6, ADDX, the private exchange, Australia and New Zealand Banking Group (ANZ), and Chainlink have launched an innovative cross-border transaction solution using tokenized commercial paper. The project leverages ADDX’s investment platform, ANZ’s Digital Asset Services, and Chainlink’s Cross-Chain Interoperability Protocol (CCIP) with its private transaction functionality. It was designed to provide regulatory compliance for digital asset transactions by allowing financial institutions to tokenize and conduct these transactions within their existing frameworks.
Commercial paper was chosen for this pilot due to its short-term nature, allowing the full lifecycle of the asset to be demonstrated. This setup will allow Australian investors to purchase and redeem tokenized commercial paper on ADDX, a licensed market operator. Transactions will be settled on private blockchains using Chainlink’s CCIP, while transaction details will remain private on the CCIP public chain for regulatory compliance.
Inmoo Hwang, CFO of ADDX Group, noted that the use case simplifies the entire process for tokenized financial assets, from issuance to redemption. He highlighted the pilot’s potential to improve operational efficiency, speed up settlement times, and strengthen cross-border functionality. Chainlink co-founder Sergey Nazarov echoed this sentiment, adding that the use case marks a significant advancement for blockchain technology, both in the transaction process and in its secure, innovative execution.
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