Westpac and Imperium Markets Implement Chainlink in RBA's Project Acacia
Westpac and Imperium Markets Implement Chainlink in RBA's Project Acacia
š¦ Aussie Banks Go Crypto
Westpac Institutional Bank and Imperium Markets are implementing Chainlink in Project Acacia, a joint initiative with the Reserve Bank of Australia and Digital Finance CRC.
Key points:
- Chainlink Runtime Environment (CRE) will enable secure DvP settlement of tokenized assets
- Integration connects blockchain markets with PayTo Australia domestic payments system
- Estimated annual savings of AUD $12+ billion for asset issuers
- Project aims to support wholesale market innovation with risk-free settlement assets
This follows Chainlink's earlier partnership with ANZ in Singapore's Project Guardian, showing growing institutional adoption of blockchain technology in the Asia-Pacific region.
We are excited to announce that Westpac Institutional Bank (@Westpac) and Imperium Markets are implementing Chainlink in Project Acacia, a new joint initiative between the Reserve Bank of Australia and Digital Finance CRC (DFCRC). westpaciq.com.au/thought-leaderā¦ The Chainlink Runtime
Chainlink Chromion Hackathon Concludes
The Chainlink Chromion Hackathon, the largest hackathon in Chainlink's history, is wrapping up with its closing ceremony. The event, which began on June 2nd, brought together developers to build advanced decentralized applications. - Winners announcement expected during the ceremony - Event showcased Web3 innovation and blockchain integration - Hackathon focused on connecting real-world data to blockchain applications The opening ceremony in June outlined substantial prizes and comprehensive guidelines for participants. Developers had approximately 6 weeks to create their projects.
Citi Bank Explores Stablecoins for Cross-Border Payments
Citi Bank is taking significant steps toward modernizing global money movement. In a recent industry report, the bank explores how stablecoins could revolutionize cross-border payments. Key points: - CEO confirms bank's interest in developing proprietary stablecoin - Focus on matching payment speeds with internet commerce - Initiative led by Ryan Rugg, highlighting institutional adoption Read the full report here: [Citi GPS Report](https://www.citigroup.com/rcs/citigpa/storage/public/GPS_Report_Blockchain_Digital_Dollar.pdf)
Final Call: Chainlink and Solana's Joint Builder Program
The Build on Solana program, a collaborative initiative between Chainlink Labs and the Solana Foundation, enters its final application month. The program supports Web3 projects building on Solana with Chainlink integration. Selected teams receive: - Technical mentorship - Go-to-market resources and incentives - Enhanced visibility in both ecosystems - Access to Chainlink services (CCIP, CRE, Data Feeds) The program welcomes both early-stage and established teams across DeFi, consumer apps, and infrastructure sectors. Participants must make their tokens claimable by eligible LINK stakers. [Apply now](https://chain.link/economics/build-program/build-solana)
Tokenyze Joins Chainlink BUILD to Tokenize Real-World Assets
Tokenyze has joined Chainlink BUILD program to enhance its enterprise-grade tokenization protocol for real-world assets. The platform specializes in tokenizing warehouse receipts for metals and commodities into ERC-3643 tokens. Key benefits include: - Integration of Chainlink Proof of Reserve for 1:1 backing verification - Access to Price Feeds for reliable asset pricing - CCIP implementation for cross-chain transfers - Early access to Chainlink product releases In exchange, Tokenyze will allocate a portion of its token supply to Chainlink service providers and stakers. [Learn more about the partnership](https://www.tokenyze.co/reports/tokenyze-and-chainlink)