Westpac and Australia’s RBA launch Chainlink-based tokenized asset settlement project

Westpac, in collaboration with the Reserve Bank of Australia (RBA) and Chainlink, has launched a blockchain initiative focused on tokenized asset settlement, potentially saving AUD 12 billion yearly in the Australian economy.

Chainlink’s platform will enable secure Delivery vs. Payment (DvP) processes, while the project represents a step towards advancing Australia’s digital currency infrastructure and enhancing the efficiency of financial transactions.

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