Visa, ANZ and Asset Managers Test Cross-Border Settlement Using Chainlink

Key Takeaways

• Institutional Pilot: Visa, ANZ, ChinaAMC and Fidelity International participated in a blockchain-based settlement test.
• Chainlink Infrastructure: The system used Chainlink technology to enable cross-chain messaging and settlement.
• HKMA Program: The experiment was conducted within the Hong Kong Monetary Authority’s e-HKD initiative.
• Tokenized Asset Transfers: The pilot demonstrated cross-border movement of regulated digital assets.
  Automated Compliance: Smart contract infrastructure allowed regulatory checks and settlement to occur automatically.

The initiative tested how tokenized assets can move securely between jurisdictions while maintaining automated compliance and atomic settlement – a process in which transactions execute only if all conditions are met simultaneously.

Cross-Border Settlement Experiment

The test focused on enabling financial institutions to move tokenized assets across different blockchain environments while maintaining regulatory safeguards. Chainlink infrastructure was used to coordinate communication between systems and execute transactions in a secure, automated manner.

Atomic settlement ensures that a transaction only finalizes when all required steps – such as compliance verification, payment confirmation and asset transfer – are completed simultaneously. This approach reduces counterparty risk and removes the need for manual reconciliation processes that traditionally slow cross-border financial transactions.

Institutional Interest in Tokenized Finance

The participation of global institutions highlights growing interest in tokenized financial infrastructure. Firms such as Visa and ANZ have increasingly explored blockchain systems as potential upgrades to legacy settlement networks, particularly for international payments and asset transfers.

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Asset managers including Fidelity International and ChinaAMC are also evaluating tokenization as a way to distribute regulated investment products more efficiently across global markets.

Hong Kong’s Expanding Digital Finance Sandbox

The experiment took place within the Hong Kong Monetary Authority’s broader e-HKD initiative, which aims to explore the role of digital currencies and tokenized assets in modern financial markets.

Hong Kong has positioned itself as one of the leading regulatory hubs testing blockchain infrastructure within traditional finance. The sandbox allows banks, asset managers and fintech companies to test tokenized settlement systems under regulatory supervision before potential large-scale deployment.

If such models prove viable, blockchain-based settlement could significantly reduce transaction times and operational costs for global financial institutions while enabling new forms of tokenized investment products.

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