According to TechFlow, on September 30, The Block reported that Australia and New Zealand Banking Group (ANZ) announced that it has officially joined the Project Guardian program led by the Monetary Authority of Singapore (MAS). The program aims to "explore the wider application of tokenization of physical assets in financial markets."

It is reported that ANZ will work with Chainlink Labs and ADDX to focus on "interoperability between private blockchains to enable the exchange of physical asset tokens such as commercial paper." Mark Evans, head of ANZ Singapore, said that the bank is committed to "accelerating the development of a stable and secure digital asset ecosystem to meet the future needs of customers in the region."

Project Guardian, which began in 2022, is a public-private tokenization experiment that aims to test the tokenization of physical assets. Participating entities include the UK Financial Conduct Authority (FCA), the Swiss Financial Market Supervisory Authority (FINMA) and the Japanese Financial Services Agency (FSA), as well as financial institutions such as Deutsche Bank, Citibank and Apollo Global Management. The project is exploring tokenization applications in fixed income, wealth management and foreign exchange.