Memecoin

Read

Chainlink

Avalanche

Australia’s banking giant, ANZ, in a partnership with Chainlink Labs, has unveiled a successful cross-chain settlement of tokenized assets on the Avalanche network. 
In a <a href="https://www.avax.network/blog/anz-leverages-avalanche-and-chainlink-in-tokenized-asset-settlement-project" target="_blank" rel="noreferrer noopener">blog announcement</a> on Mar. 25, <a href="https://crypto.news/tag/avalanche/" target="_blank" rel="noreferrer noopener">Avalanche</a> revealed that the Australia and New Zealand Banking Group (ANZ) and <a href="https://crypto.news/tag/chainlink/" target="_blank" rel="noreferrer noopener">Chainlink</a> Labs have successfully completed a collaborative effort aimed at linking blockchains, specifically Avalanche and <a href="https://crypto.news/tag/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a>, to facilitate the global transfer and settlement of tokenized assets. 
According to the document, ANZ, a multinational banking giant serving over 8.5 million retail and institutional customers across nearly 30 markets, leveraged Chainlink’s solution to demonstrate how clients could access, trade, and settle tokenized assets across different networks. 
 You might also like: <a href="https://crypto.news/avalanche-foundation-1-million-meme-coin-ecosystem/"> Avalanche Foundation launches Memecoin Rush, injecting $1m into ecosystem </a> 
During the pilot, ANZ simulated the purchase of tokenized assets on Ethereum, priced in one stablecoin, with transaction initiation and settlement occurring on Avalanche in another stablecoin. Avalanche noted that for this project, ANZ utilized its own Avalanche Evergreen Subnet, leveraging its Ethereum Virtual Machine (EVM) compatibility and customized features to facilitate transactions. 
<blockquote class="wp-block-quote"> 
 “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.” 
 Anurag Soin, product lead digital added services at ANZ. 
</blockquote> 
Following the announcement, Avalanche’s AVAX jumped in a moment by 8% to $58.6, according to CoinMarketCap. Avalanche added that the next phase of the pilot involves deploying the solution on blockchain mainnets and expanding workflows to include communication between blockchain networks for various use cases. 
 Read more: <a href="https://crypto.news/avalanche-chain-inscription-barrage/"> Avalanche C-chain clogged for 4+ hours by inscription barrage </a>

AVAX surges 8% after token chosen as tokenized asset settlement by Australia’s bank

crypto.news

Altri articoli pubblicati su 25 mar 2024

NuggetRush Presale Shades Investors From Market Volatility While Filecoin And Injective Holders F...

AI Initiative Mobilizes Volunteers to Save Hedgehogs

Altcoin Rises as Market Stabilizes from Meme Token Volatility

Dogecoin’s Top Investor Joins DOGE Rival to 100X Bull Run Profits

Comtech Gold (CGO) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Cryptocurrency Prices: How Bitcoin, Ethereum and XRP Prices Will Perform This Week

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!