AVAX Soars 9% As Avalanche And Chainlink Announce Partnership For Global Asset Circulation
ANZ partners with Chainlink and Avalanche to explore on-chain digital assets for global movement and settlement. The collaboration aims to enable uninterrupted delivery versus payment settlement of tokenized assets across networks in multiple currencies using Chainlink’s Cross-Chain Interoperability Protocol. ANZ simulated a transaction using ANZ’s Digital Asset Services portal to purchase tokenized assets on Avalanche and Ethereum, with FX conversion facilitated by ANZ and infrastructure provided by CCIP. ANZ utilized Avalanche’s Evergreen Subnet for the project, showcasing traditional financial institutions embracing blockchain technology. The initial test transaction results were promising, with plans to deploy the solution on blockchain mainnets and extend workflows to include communication between different blockchain networks for different use cases. AVAX token has experienced a significant increase in trading volume and price following the announcement of the collaboration.
