ADDX, ANZ, and Chainlink have collaborated to pilot tokenized commercial papers using Chainlink's private transaction technology. The project aims to facilitate cross-border transactions by leveraging ADDX's investment platform, ANZ's Digital Asset Services, and Chainlink's Cross-Chain Interoperability Protocol (CCIP) with Private Transactions functionality. This initiative enables regulatory-compliant digital asset transactions, allowing financial entities to tokenize and conduct transactions within their existing frameworks. The pilot focuses on commercial papers due to their short-term nature, showcasing the entire asset lifecycle from issuance to redemption. Australian investors can purchase and redeem tokenized commercial papers on ADDX, with transaction settlement managed across private blockchains using Chainlink's CCIP. The project, developed under Singapore's Project Guardian initiative, aims to enhance liquidity and efficiency in financial markets through asset tokenization. This collaboration signifies a significant advancement in blockchain technology, emphasizing privacy and compliance in digital asset transactions. Read more AI-generated news on: https://app.chaingpt.org/news