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Chainlink Introduces Privacy Protocol for Financial Institutions in Partnership with ANZ and Singapore's Project Guardian

Chainlink Introduces Privacy Protocol for Financial Institutions in Partnership with ANZ and Singapore's Project Guardian

CointimeCointime2024/10/22 11:42
By:Cointime

Chainlink has launched a new protocol that ensures privacy for financial institutions, allowing them to conduct secure and confidential transactions across different blockchain networks. ANZ will test this privacy feature for settling tokenized real-world assets as part of Singapore's Project Guardian, demonstrating the practical application of Chainlink's technology in the banking sector. Chainlink's CCIP Private Transactions protocol, a privacy-preserving tool, was released on Tuesday, enabling financial institutions to maintain confidentiality and regulatory compliance when transacting across blockchain networks.

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