**ANZ Joins Singapore's Project Guardian to Explore Asset Tokenization**

Australia and New Zealand Banking Group (ANZ), one of Australia's "Big Four" banks, has teamed up with Singapore's Project Guardian to delve into the benefits of real-world asset (RWA) tokenization in financial markets.

ANZ will collaborate with blockchain oracle firm Chainlink Labs and Singapore investment firm ADDX to test the interoperability of RWAs like commercial papers between blockchains.

Project Guardian, launched in 2022 by the Monetary Authority of Singapore, aims to enhance market liquidity and efficiency through RWA tokenization. ANZ's banking services lead, Nigel Dobson, highlighted the fragmented nature of current tokenized asset markets and the need for interoperability protocols like Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate smoother transactions.

ANZ will leverage Chainlink’s CCIP to move its Australian dollar-backed A$DC stablecoin across blockchains. The bank will also receive support from Project Guardian’s Singapore office.

Previously, S&P Global, Deutsche Bank, and JPMorgan’s blockchain platform Onyx have participated in Project Guardian’s pilot programs, with involvement from DBS Bank, SBI Digital Asset Holdings, and WisdomTree. The initiative includes policymakers from the UK, Japan, Singapore, Switzerland, France, and the International Monetary Fund.