ANZ and Chainlink Labs have successfully connected the Avalanche and Ethereum blockchain networks for on-chain settlement solutions. Using Chainlink's cross-chain interoperability protocol (CCIP), ANZ demonstrated how clients can access, trade, and settle tokenized assets across networks in different currencies. The initiative focuses on modernizing traditional Delivery vs. Payment processes by tokenizing assets and payments on the same blockchain infrastructure. This collaboration highlights the convergence of traditional finance and decentralized finance within the tokenized asset ecosystem. ANZ plans to deploy the solution on blockchain mainnets, pushing for a new era of blockchain-enabled asset settlement in the financial services industry.