Chainlink $23.3has integrated the Oracle network with Coinbase’s Project Diamond, a digital asset platform designed for institutional adoption. This partnership will enable interoperability between public and private blockchains, improving the lifecycle management of tokenized assets. The collaboration will deliver enhanced data connectivity across multiple blockchain ecosystems.
Collaboration with CCIP Integration
Coinbase recently announced that it has integrated Chainlink’s Cross-Chain Collaboration Protocol (CCIP) as part of its Project Diamond initiative. This integration aims to increase cross-chain interoperability for tokenized assets. Using CCIP, Coinbase will be able to connect assets between public and private blockchains. In this way, tokenized assets will remain compatible with different blockchain platforms.
Director and Company Statements
Project Diamond operates under the Abu Dhabi Global Market (ADGM) regulatory framework and aims to serve institutional investors and asset managers. Thanks to this integration, institutions will be able to access secure and compatible solutions for their financial transactions.
Founding Investor Officer Marcel Kasumovich,
“By natively integrating the Chainlink standard into the Project Diamond platform, we are charting the roadmap for widespread institutional adoption of digital assets.” he said.
Johann Eid, Chief Business Officer of Chainlink Labs,
“Adoption of the Chainlink standard for the Project Diamond platform is critical in end-to-end lifecycle management of tokenized assets.” He shared his views as follows.
Along with this partnership, rumors of a possible collaboration between Chainlink and BlackRock led to an increase in the LINK price. Efforts by institutional investors to integrate blockchain technology with traditional finance have created a positive tone for growth and contributed to the LINK price rise.
This partnership with Coinbase reinforces Chainlink’s role as a critical infrastructure provider in the digital asset space. With increasing institutional interest, especially in the MENA region, Chainlink’s Cross-Chain Cooperation Protocol (CCIP) is becoming increasingly important.
With evolving technologies and increasing institutional adoption, Chainlink and Coinbase collaboration is expected to make significant contributions to the digital asset ecosystem. Providing more secure and compatible solutions for institutional investors is considered a positive sign for the future of the sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
