Chainlink has launched a new feature called Private Transactions within its Cross-Chain Interoperability Protocol (CCIP), targeting financial institutions. The Australia and New Zealand Banking Group (ANZ) will be the first to test this feature as part of the Monetary Authority of Singapore’s (MAS) Project Guardian, which focuses on cross-chain settlements.
The announcement, shared on X (formerly known as Twitter), highlights that the CCIP Private Transactions feature enables financial institutions to participate in the multi-chain ecosystem while maintaining data privacy, integrity, and regulatory compliance. Chainlink’s Blockchain Privacy Manager facilitates the seamless connection of private and public blockchains through the CCIP network, allowing traditional financial systems and enterprises to integrate with private chains, thus broadening the accessibility of this technology.
ANZ’s involvement as an early pilot for this feature under MAS’s Project Guardian marks a significant step in merging traditional finance (TradFi) with blockchain technology.
Earlier in the month, Chainlink also partnered with Taurus, a Swiss digital asset infrastructure provider backed by Credit Suisse and Deutsche Bank, to drive the adoption of tokenized assets.
Meanwhile, Chainlink’s native token, LINK, has shown resilience despite a general market downturn affecting major cryptocurrencies like Bitcoin and Ethereum. LINK has surged approximately 5%, rising from $11.56 to $12.17, with daily trading volume increasing by over 7% to $247 million. The token is currently trading above the 9-day and 21-day moving averages, suggesting a bullish trend. The Relative Strength Index (RSI) is at 61, indicating growing bullish momentum and strong buyer control.
