$LINK
Chainlink recently announced the launch of CCIP Private Transactions, a new privacy feature powered by the Chainlink Blockchain Privacy Manager. This feature aims to help financial institutions maintain the confidentiality, integrity, and regulatory compliance of data when conducting transactions across blockchain networks. CCIP Private Transactions utilize a novel on-chain encryption/decryption protocol that allows institutions to transact across multiple private blockchains on the public Chainlink CCIP network while keeping transaction details completely confidential. End-to-end encryption prevents Chainlink node operators or other third parties from accessing sensitive details of an institution's cross-chain transactions, including token amounts, sender/receiver addresses, and data instructions. The encryption keys are generated and held by institutional users, who can selectively share them with their chosen authorized parties, such as counterparties, compliance auditors, or financial regulators. The Australia and New Zealand Banking Group (ANZ) will be one of the first institutions to pilot Chainlink's privacy protection features for cross-chain settlement in the Monetary Authority of Singapore's (MAS) Project Guardian initiative.