The Australia and New Zealand Banking Group (AZN) (ANZGY) has joined forces with one of the cryptocurrency world’s most active networks, Chainlink (LINK-USD) Labs, to revolutionize the global movement and settlement of on-chain digital assets. Utilizing Chainlink’s Cross-Chain Interoperability Protocol (CCIP), this partnership aims to seamlessly bridge the Avalanche (AVAX-USD) and Ethereum (ETH-USD) blockchains, heralding a new era of tokenized asset transactions.
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Making DeFi Easier
ANZ’s leveraging of Chainlink’s CCIP is a significant shift towards innovative financial solutions. It enables customers to access, trade, and settle tokenized assets across Avalanche and Ethereum. In a nutshell, LINK simplifies the intricacies involved in cross-blockchain token movements, thereby ensuring flawless Delivery vs. Payment (DvP) settlements.
ANZ wanted to show how easily it worked and completed a transaction through its Digital Asset Services portal, allowing customers to acquire tokenized New Zealand dollar stablecoins on Avalanche. This was followed by the purchase of tokenized Australian assets on Ethereum. ANZ managed the FX conversion, and CCIP ensured the smooth token and data transfer between networks.
Chainlink Continues to Test the $20 Resistance Level
Chainlink continues to consolidate against a strong technical resistance zone near the $20 value area. Bulls have tried to remain above the $20 resistance zone several times since February 12, 2024, but have been unable to do so. The 50% Fibonacci retracement contributes to the resistance at $22.84, creating another layer of strong, near-term resistance.
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