Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Michael Saylor Suggests Apple Should Invest in Bitcoin

    American Bitcoin Acquires $23M Worth of Bitcoin

    American Bitcoin Acquires $23M in Bitcoin Investment

    Bitcoin Reaches New All-Time High in Argentina

    Bitcoin Reaches New All-Time High in Argentina

    Bitcoin’s $300K Prediction Lacks Official Backing

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Ripple Partners with Guggenheim for XRPL Asset Issuance

    Ripple Partners with Guggenheim on XRP Ledger Project

    Pi Network Eyes Potential Surge Amid Technical Indicators

    Ondo Finance Integrates Tokenized U.S. Treasuries with Ripple

    Ondo Launches Tokenized U.S. Treasuries on XRP Ledger

    BlackRock Ethereum ETF Sees Strong Inflow Surge

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Chainlink Enables Hong Kong-Australia Cross-Border Pilot

Solomon M. by Solomon M.
June 10, 2025
in Altcoin News
Key Points:
  • Main event involves Chainlink’s CCIP in cross-border settlement.
  • Participants include Visa and ANZ’s A$DC.
  • Significant market implication for digital currencies.
chainlinks-ccip-powers-cross-border-fund-transfers-in-hong-kong-australia-pilot
Chainlink’s CCIP Powers Cross-Border Fund Transfers in Hong Kong-Australia Pilot

Innovative Cross-Border Settlements

The pilot highlights the evolving landscape of programmable finance, with major institutions testing digital currencies in practical settings. Market reactions to this initiative included a slight uptick in Chainlink’s token price.

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) facilitated a real-time cross-border fund transfer pilot between Hong Kong and Australia. This project included institutions such as Visa, ANZ, and the Hong Kong Monetary Authority, utilizing the A$DC stablecoin and e-HKD CBDC, under regulatory oversight.

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is powering real-time cross-border settlement of tokenized currencies in the Hong Kong-Australia pilot. – Chainlink Labs, Official Announcement

The collaboration involved Visa’s Tokenized Asset Platform for digital money, Chainlink’s CCIP for interoperability, and ANZ’s role as the stablecoin issuer. These technologies allowed for near-instant settlements. The financial impact was reflected in Chainlink’s token price, which saw a 2% increase due to increased investor interest. The elongated settlement process of traditional banking is challenged by this pilot, which aims to enable near-instant cross-border transfers. The project exemplifies potential regulatory structures for tokenized assets and cross-chain compliance, providing new pathways for programmable finance and global digital currency transactions.

Implications for Future Financial Frameworks

The pilot’s outcomes could influence future regulations on digital currencies, focusing on compliance and security. As these trials demonstrate the feasibility of secure real-time settlements, broader adoption of digital currencies may follow, driven by enhanced trust and institutional participation. Overall, this pilot signifies a progressive move towards intersecting traditional finance with digital frameworks, suggesting potential for disruptive changes. The collaboration between private and public entities highlights the heightened focus on interoperability and regulatory alignment in the digital currency landscape.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Chainlink Aids Cross-Border Digital Transfers with Hong Kong, Australia

Next Post

Kenya Imposes 1.5% Tax on Crypto Transactions

Solomon M.

Solomon M.

Related Posts

Ripple Partners with Guggenheim for XRPL Asset Issuance

by Solomon M.
June 11, 2025

Ripple's Guggenheim partnership for tokenized assets enhances XRPL adoption and liquidity growth.

Ripple Partners with Guggenheim on XRP Ledger Project

by Solomon M.
June 11, 2025

Ripple's partnership with Guggenheim enhances XRP Ledger with tokenized assets, impacting the blockchain market.

Pi Network Eyes Potential Surge Amid Technical Indicators

by Solomon M.
June 11, 2025

Pi Network's price movement sparks interest as technical patterns suggest possible uptrend.

Ondo Finance Integrates Tokenized U.S. Treasuries with Ripple

by Solomon M.
June 11, 2025

Ondo Finance launches tokenized U.S. Treasuries on XRPL, integrating Ripple's RLUSD stablecoin.

Ondo Launches Tokenized U.S. Treasuries on XRP Ledger

by Solomon M.
June 11, 2025

Ondo and Ripple partner to launch tokenized U.S. Treasuries on XRPL, enhancing institutional DeFi access.

BlackRock Ethereum ETF Sees Strong Inflow Surge

by Solomon M.
June 10, 2025

BlackRock's Ethereum ETF achieves a record 11-day inflow streak, signaling institutional interest in ETH.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.