The Australia and New Zealand Banking Group alongside Chainlink Labs collaborated to connect Avalanche and Ethereum blockchain networks for on-chain settlement solutions.
The Australia and New Zealand Banking Group (ANZ) and Chainlink Labs have released the results of a recent collaboration that aimed to connect the Avalanche and Ethereum blockchain networks for on-chain settlement solutions.
ANZ used an interoperability solution provided by Chainlink called the cross-chain interoperability protocol (CCIP), which allowed it to demonstrate how clients will be able to access, trade, and seamlessly settle tokenized assets across networks in different currencies.
Through CCIP ANZ simulated the purchase of tokenized assets on the Ethereum network at a price denominated in one stablecoin, with transaction initiation and settlement occurring on Avalanche in another stablecoin.
