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Chainlink Partners With Westpac and Imperium to Tokenize Finance in Australia
Chainlink Partners With Westpac and Imperium to Tokenize Finance in Australia
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BTCCSquare news:
Chainlink has secured a pivotal institutional partnership with Westpac Institutional Bank and Imperium Markets under Project Acacia, a collaborative effort involving the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre. The initiative will leverage Chainlink's Runtime Environment (CRE) to enable real-time, compliant settlement of tokenized assets across blockchain platforms and Australia's PayTo network.
The project targets over AUD $12 billion in annual cost savings for asset issuers, according to the Reserve Bank. Westpac highlights this as a transformative step for wholesale financial markets, combining regulatory compliance with blockchain efficiency.
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