Hassan Maishera
Chainlink announced via X on Tuesday that it has launched CCIP Private Transactions, enabling financial institutions to connect private blockchains to the multi-chain economy.
Per the team, Australia and New Zealand Banking Group (ANZ) will be among the first financial institutions to pilot the capability for cross-chain settlement of tokenized real-world assets (RWAs) under the Monetary Authority of Singapore (MAS) Project Guardian initiative.
According to Chainlink, the new Blockchain Privacy Manager enables private blockchains to integrate with the public Chainlink Platform, while maintaining data confidentiality and supporting regulatory compliance.
With this new feature, financial institutions can now leverage Chainlink to connect private blockchains to public chains, private chains, external data resources, and TradFi systems while only revealing the onchain information the institution selected as necessary to process each transaction.
CCIP Private Transactions builds upon this capability, incorporating a novel onchain encryption protocol to enable confidential transfers between multiple private chains that keep transaction details entirely private.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 1% over the past 24 hours and is trading at $11.75 at press time.
