The Oracle network of Chainlink has been integrated with Coinbase’s Project Diamond that is a digital asset trading platform for institutions. The partnership will improve the management of tokenized assets and facilitate the exchange between public and private blockchains. It will ensure improved data communication between various blockchain networks.
Chainlink and Coinbase Partner To Accelerate Institutional Adoption of Tokenized Assets
In a recent statement, Coinbase has stated that it will incorporate Chainlink’s CCIP into its Project Diamond. The integration is targeting to improve the compatibility between different chains in regards to tokenized assets. With CCIP, Coinbase will be able to bridge assets between the public and the private blockchain. Hence, the partnership will make it possible for tokenized assets to be usable across many blockchain networks.
Project Diamond, which operates under the regulatory framework of the Abu Dhabi Global Market (ADGM), is designed to s
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