
Zach Rynes | CLG|Jun 09, 2025 18:30
Chainlink proving once again how its unified platform approach (data + cross-chain) provides the necessary rails to connect TradFi institutions to public/private chains
This latest collaboration involved ANZ Bank, Fidelity International, and Chainlink under the Hong Kong Monetary Authority (HKMA)'s e-HKD Pilot Programme phase 2 (Hong Kong Dollar CBDC)
This initiative enabled the cross-chain Payment-vs-Payment (PvP) trade settlement of a bank-issued stablecoin (ADC) on a permissioned chain (ANZ DASChain) against a CBDC (e-HKD) on a public blockchain (Ethereum Sepolia)
This lays the foundation for the expanded focus on a Delivery-vs-Payment (DvP) workflow involving the purchase of a tokenized money market fund using the e-HKD CBDC
Chainlink services involved in this initiative include:
Cross-Chain Interoperability Protocol (CCIP): Infra that enables cross-chain transfer of value (tokens) and data (settlement instructions) between chains, enabling various PvP/DvP settlement workflows involving public (Ethereum) and private (ANZ DASChain) chains
Compliance Services: A suite of compliance services for investor identity KYC/AML verification, turning ANZ's offchain identity registry into a reusable onchain identity credential (Cross-Chain Identity) to facilitate compliance requirements
Digital Transfer Agent: Onchain contract that automates NAV updates, subscription/redemption workflows, and coordinates cross-chain movements of a tokenized fund that investors acquire after the PvP leg completes
NAV Feeds: Infra that provides Net Asset Value data from the Fund Admin onchain to enable subscriptions/redemptions of a tokenized fund from the Digital Transfer Agency contract
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