A recent announcement by Avalanche (AVAX) has unveiled a strategic partnership between the blockchain platform and Chainlink (LINK) Labs, sending AVAX soaring by 9%.
ANZ Bank partners with Avalanche using Chainlink's CCIP for cross-Ethereum digital asset DvP
Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the collaboration aims to facilitate seamless delivery versus payment (DvP) settlement of tokenized assets across Avalanche and Ethereum blockchains.
Australia and New Zealand Banking Group (ANZ) explores on-chain digital assets leveraging Chainlink’s CCIP, enhancing settlement efficiency and risk management for digital securities.
ANZ employs Avalanche’s Evergreen Subnet, exploring novel use cases and business models within customizable blockchain networks.
AVAX Price Surges to a 22-Month High
Initial test transactions show promise, potentially revolutionizing how the financial sector approaches tokenized assets. Future steps involve deploying solutions on mainnets and expanding workflows across diverse blockchain networks.
AVAX witnesses a remarkable surge, nearing a 22-month high at $58.31, following the partnership announcement. With a 9% increase in the last 24 hours and substantial trading volume growth, AVAX continues its upward trajectory, yet faces resistance around $60.