Avalanche teams up with ANZ for cross-chain asset settlements
Avalanche (AVAX) recently announced a partnership with Australia and New Zealand Banking Group (ANZ) and Chainlink (LINK) Labs. This collaboration aims to leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect Avalanche and Ethereum (ETH) blockchains, enabling seamless delivery versus payment (DvP) settlement of tokenized assets across networks in multiple currencies.
News of the collaboration ignited significant interest in Avalanche, boosting bullish price predictions for AVAX’s price. Since the beginning of April, Avalanche (AVAX) has seen its bears in control, recording a 5% decline in its altcoin price. However, with this recent collaboration, market analysts anticipate a price recovery in the coming weeks.
