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New partnership news came from Avalanche (AVAX), the popular altcoin that Turkish investors follow closely.
At this point, Avalanche announced that it is collaborating with Chainlink and Australia and New Zealand Banking Group (ANZ) to explore tokenized assets.
It was stated that the collaboration aims to connect the Avalanche network to Ethereum to enable the circulation and settlement of tokenized assets globally.
It was stated that within the scope of this cooperation, ANZ will benefit from Chainlink’s blockchain interoperability solution, Cross-Chain Interoperability Protocol (CCIP).
Ava Labs President John Wu made the following statements about the collaboration:
“The ANZ project shows how innovative traditional financial services providers are preparing for a new version of capital markets enhanced by blockchain.
In these tests, ANZ pioneered on-chain value transfer, while the infrastructure built by Chainlink and Avalanche offers interoperability and customizability amidst the growing ecosystem of tokenized assets for institutional customers.
“This initiative helps drive forward an exciting future of finance.”
“Avalanche’s Evergreen Subnets have allowed ANZ to join the list of institutions exploring new use cases and business models while leveraging customizable networks like Avalanche. Blockchain, smart contracts and tokenization are turning the rails of the global financial system,” said Anurag Soin, ANZ Digital Additional Services Product Leader. “We look forward to continuing to test how it can improve.”
*This is not investment advice.
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