Visa, ANZ, Fidelity International, and ChinaAMC have completed a cross-border settlement trial deploying Chainlink’s blockchain infrastructure as part of the Hong Kong Monetary Authority’s e-HKD pilot. These large financial institutions, with Visa as a global payments technology company, ANZ as one of Australia’s largest banks, ChinaAMC as a prominent asset management firm in China, and Fidelity International as a major multinational investment manager, joined forces to experiment with regulated digital asset transfers between blockchains under central bank oversight.
Chainlink Integrates Private and Public Blockchains
Chainlink built a system that links ANZ’s private DASChain with the public Ethereum Sepolia testnet, demonstrating cross-chain settlement for regulated financial institutions. The integration supports asset transfers between different blockchain environments, a crucial feature for compliance-bound banking systems that must operate simultaneously within closed networks and the public blockchain framework.
The settlement process automates regulatory compliance and identity verification steps, shielding sensitive information while meeting regulatory demands for transparency. Chainlink’s Automated Compliance Engine conducts real-time credential checks without exposing personal data onchain, balancing privacy and regulatory oversight during each transaction.
Chainlink emphasized the importance of its platform, describing the trial as enabling “the secure movement of regulated digital assets between ANZ’s private DASChain and the public Ethereum Sepolia network, while automating compliance, verifying identities, and facilitating settlements across blockchain boundaries.”
Cross-Border Value Transfer Powered by Chainlink CCIP
Chainlink’s Cross-Chain Interoperability Protocol handled both messaging and value transfers throughout the e-HKD test. This protocol allowed e-HKD settlements across multiple blockchains and jurisdictions, demonstrating models such as Delivery versus Payment and Payment versus Payment for synchronized asset exchange and payment flow.
The experiment also implemented Chainlink’s Digital Transfer Agent (DTA) technical standard, automating the issuance of tokenized fund units in cross-chain environments. Net Asset Value calculations were drawn directly from onchain data using Chainlink’s standards, facilitating near-instant settlement of tokenized funds.
e-HKD Project Focuses on Institutional Blockchain Adoption
The e-HKD pilot serves as the Hong Kong Monetary Authority’s effort to study how digital currency technologies could underpin future regulated financial markets. Chainlink’s involvement addresses practical issues financial institutions face around interoperability, consistent compliance enforcement, and reliable access to data feeds across various networks.
Maintaining privacy remains a critical part of the solution, with sensitive identity credentials kept offchain even as real-time credential verifications occur during each transaction. The trial underlines that institutional blockchain settlement infrastructure must combine secure data feeds, interconnected network support, and automated compliance controls into a cohesive system.
This pilot illustrates how global financial institutions are actively trialing blockchain-based solutions inside controlled regulatory environments, allowing both central banks and commercial participants to assess the viability and readiness of digital asset settlements at an institutional level.
