TechFlow reports that the Australia and New Zealand Banking Group (ANZ) has partnered with Chainlink Labs to release results connecting the Avalanche and Ethereum blockchain networks. Using Chainlink's Cross-Chain Interoperability Protocol (CCIP), this solution demonstrates how customers can seamlessly access, trade, and settle tokenized assets across different networks.
At the core of this initiative is the concept of "Delivery versus Payment (DvP)." By tokenizing both assets and payments on the same blockchain infrastructure, ANZ aims to modernize traditional DvP processes and ensure atomic, non-custodial settlement. The next step for the project is deploying the solution onto a blockchain mainnet, driving the financial services industry into a new era.
