Coinbase Adopts Chainlink CCIP For New Digital Asset Platform
Coinbase announces it will adopt chain link Project Diamond is the standard for digital asset platforms for institutions around the world. The flagship user of the project will be Abu Dhabi-based PSG Digital subsidiary Peregrine.
The news was announced via a press release shared with BeInCrypto.
Coinbase Incorporates Chainlink CCIP
Coin library, One of the world’s leading exchangesclaims that Chainlink CCIP is the gold standard for blockchain interoperability. The company’s diamond projects will compete in a very different market environment. In its statement, Coinbase expressed considerable confidence in its partners.
“Chainlink is the infrastructure that enables asset issuers, banks and financial institutions to create compliant tokenized asset solutions. By integrating the Chainlink standard, we are paving the way for widespread institutional adoption of digital assets.” Coinbase Asset Management Deputy Chief Investment Officer Marcel Kasumovich told BeInCrypto.
chain link, A large encryption software companyhas recently cooperated with a number of large institutional clients. For example, it is related to Simplifying Swift transactions Early November.
It is also working on launching Blockchain financial market infrastructure compliant with EU standards December. It even works for Cross-border trade platform and the Central Bank of Brazil.
In other words, the company appears to have enough bandwidth to meet the requirements of the Diamond program. Coinbase claims that the platform will serve registered institution customers outside the United States, and native integration with Chainlink CCIP will facilitate Safety and compliance.
News reports state that Peregrine, a “flagship user” and PSG Digital’s subsidiary in Abu Dhabi Global Market (ADGM), is “pleased to bring institutional-grade real-world assets to Project Diamond.” Abu Dhabi has been developing as a cryptocurrency hub recently because ADGM approves Tether’s USDT as an acceptable virtual asset today.
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