ANZ wants to test the interoperability of RWAs like commercial papers across blockchains by partnering with blockchain oracle company Chainlink Labs and Singapore-based investment firm ADDX, according a September 30 announcement.

Initiated in 2022 by the Monetary Authority of Singapore, Project Guardian gathers financial sector players and legislators to tokenize RWAs, hence enhancing liquidity and efficiency in the financial markets.

Lead in ANZ’s financial services, Nigel Dobson said the firm was interested in using its A$DC stablecoin—backed by the Australian dollar—to travel more fluidly between blockchains. Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), said Zach Rynes, Chainlink’s community liaison, ANZ will be able to reach this.

Dobson underlined that present tokenized asset markets are “highly fragmented” and most RWAs cannot be moved across blockchains without an interoperability solution like CCIP, which complicates the integration for financial institutions and inhibits adoption.

Given that ANZ maintains an office in Singapore, Project Guardian will provide local support to the bank Along with DBS Bank, SBI Digital Asset Holdings, and WisdomTree, other significant partners in Project Guardian’s trial programs are S&P Global, Deutsche Bank, and JPMorgan’s blockchain platform Onyx.

Along with the International Monetary Fund, the policymaker group of Project Guardian comprises government agencies from the United Kingdom, Japan, Singapore, Switzerland, and France.

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