Chainlink Partners With Westpac and Imperium to Tokenize Finance in Australia

Chainlink has announced a major institutional partnership with Westpac Institutional Bank and Imperium Markets as part of Project Acacia—a joint initiative involving the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC).

The collaboration will deploy Chainlink’s technology to support secure, real-time settlement of tokenized assets within Australia’s financial system.

At the heart of the integration is the Chainlink Runtime Environment (CRE), which enables seamless and compliant Delivery vs. Payment (DvP) settlement across blockchain platforms and the country’s domestic PayTo payments network. This solution aims to streamline asset transfers while maintaining compliance and institutional-grade security, effectively bridging blockchain and traditional finance.

Project Acacia targets $12B+ in annual cost savings

According to the Reserve Bank of Australia, tokenization could help asset issuers in local markets save over AUD $12 billion per year. Westpac emphasized that this initiative is a critical milestone in exploring how digital money can transform wholesale financial markets. The project aims to deliver innovations in settlement infrastructure—namely by offering risk-free, on-chain settlement mechanisms under a sound regulatory framework.

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Accelerating institutional adoption of blockchain technology

By combining offchain payment systems with tokenized assets for secure DvP transactions, Chainlink, Westpac, and Imperium Markets are unlocking new use cases and scaling the institutional adoption of blockchain-based finance in Australia.

The integration of CRE with Project Acacia represents a significant step forward in mainstreaming tokenized financial products, especially for institutional participants looking for reliable, compliant on-chain infrastructure.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.