The Australia and New Zealand Banking Group (ANZ) has teamed up with Singapore-based Guardian Project to explore the benefits of real-world asset (RWA) tokenization in financial markets. The initiative is part of ANZ’s broader efforts to experiment with blockchain technology as the bank looks to improve the movement of tokenized assets across different blockchain networks.

In a press release on September 30, ANZ announced its collaboration with Chainlink Labs and ADDX, a Singapore-based investment firm, to test how tokenized assets such as commercial paper can interoperate across blockchains. The project will involve the use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable smoother transactions across different blockchain networks.

Initiated by the Monetary Authority of Singapore (MAS), Guardian Project aims to explore and improve financial market infrastructure through the use of asset tokenization and decentralized finance (DeFi) solutions. The project is partnering with several international regulators, including the UK’s Financial Conduct Authority, Japan’s Financial Services Agency, the Swiss Financial Market Supervisory Authority, and Banque de France. It also involves industry players such as DBS Bank, J.P. Morgan, Deutsche Bank, and other financial institutions, who are launching pilot projects to explore various elements of tokenization and DeFi applications.

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