- Chainlink has introduced a private transactions feature through its CCIP, aimed at financial institutions.
- ANZ will be the first to pilot the feature as part of MAS’s Project Guardian for cross-chain settlements.
Today, Chainlink announced the launch of its Private Transactions feature within the Cross-Chain Interoperability Protocol (CCIP), supported by Chainlink’s new Blockchain Privacy Manager.
According to an announcement shared on X (formerly Twitter), this CCIP Private Transactions feature allows financial institutions to connect to the multi-chain economy while ensuring data confidentiality, integrity, and regulatory compliance. Further, Chainlink’s Blockchain Privacy Manager allows institutions to seamlessly connect private blockchains with public ones through the Chainlink CCIP network. This also facilitates the integration of existing TradFi and enterprise systems with private chains, making the technology more accessible.
The Australia and New Zealand Banking Group (ANZ) is one of the first institutions to pilot this feature as part of the Monetary Authority of Singapore’s (MAS) Project Guardian initiative for cross-chain settlements. This partnership represents a significant step toward integrating traditional finance (TradFi) with blockchain technology.
Additionally, earlier this month, Chainlink collaborated with Taurus, a Swiss digital asset infrastructure provider backed by Credit Suisse and Deutsche Bank, to accelerate the adoption of tokenized assets.
Chainlink (LINK) Surges Amid Market Pressure
Despite the overall market being under pressure, with major cryptocurrencies like Bitcoin and Ethereum experiencing downturns, some altcoins trying to recover. Chainlink’s native token, LINK, is among those that have shown a positive surge.
At the time of writing, LINK climbed approximately 5%, rising from a low of $11.56 to a high of $12.17. The daily trading volume for LINK also increased by over 7%, reaching $247 million. Currently, the price of Chainlink is above both the 9-day and 21-day moving averages, indicating a potential bullish trend. Additionally, the RSI is at 61, reflecting increasing bullish momentum and suggesting that buyers are in control.
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Source: https://thenewscrypto.com/chainlink-rolls-out-private-blockchain-transactions-for-financial-institutions/