Chainlink Powers Visa, ANZ, Fidelity in Cross-Border Settlement

Visa, ANZ, ChinaAMC, and Fidelity test cross-border settlement using Chainlink under Hong Kong’s e-HKD pilot program.

Visa, ANZ, ChinaAMC, and Fidelity International have completed a cross-border settlement test using Chainlink infrastructure. 

The pilot ran under the Hong Kong Monetary Authority’s e-HKD program. 

According to Chainlink, the system enables regulated digital asset transfers across private and public blockchains. The project also automates compliance checks and identity verification during transactions. 

Besides, the initiative demonstrates how institutional players test blockchain infrastructure for regulated financial settlements.

Chainlink Connects Private and Public Networks

Chainlink stated that the solution links ANZ’s private DASChain network with the public Ethereum Sepolia testnet. The system allows institutions to move regulated assets securely between different blockchain environments.

According to Chainlink, this connection ensures secure communication between private banking systems and public blockchain infrastructure. Institutions often require both environments to operate within regulatory boundaries.

The infrastructure also supports automated compliance verification during transactions. The system verifies identity credentials across networks without exposing personal data onchain.

Chainlink explained that its Automated Compliance Engine handles these checks in real time. The design allows institutions to maintain privacy while meeting regulatory standards.

Cross-Border Payments Use Chainlink CCIP Technology

Chainlink said its Cross-Chain Interoperability Protocol powers the messaging and value transfers in the project. The protocol enables e-HKD transactions across jurisdictions and blockchain networks.

According to the announcement, CCIP supports Delivery versus Payment and Payment versus Payment settlement models. These frameworks help institutions exchange assets and payments simultaneously during transactions.

The pilot also uses Chainlink’s Digital Transfer Agent technical standard. This standard automates tokenized fund unit issuance during cross-chain settlement.

Chainlink added that the system pulls onchain Net Asset Value data using its data standards. As a result, the platform supports near real-time settlement for tokenized funds.

Related Reading: Chainlink CCIP Now Becomes ADIChain Canonical Bridge To Boost MENA Tokenization

HKMA e-HKD Pilot Tests Institutional Blockchain Infrastructure

The project formed part of the Hong Kong Monetary Authority’s e-HKD pilot program. The initiative explores how digital currency infrastructure can support regulated financial markets.

Chainlink stated that the system addresses major barriers facing institutional smart contracts. These barriers include interoperability, compliance enforcement, and reliable data access.

The infrastructure also supports privacy controls by keeping sensitive identity data offchain. However, the system still verifies credentials before transactions execute.

According to Chainlink, institutional blockchain settlement requires several integrated capabilities. These include reliable data feeds, cross-chain connectivity, and built-in compliance controls.

The pilot shows how large financial institutions test blockchain tools within regulatory frameworks. Projects like this help regulators and banks evaluate how digital asset infrastructure may support global financial transactions in the future.

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