Hassan Maishera
On Tuesday, Chainlink announced via X that Coinbase’s Project Diamond integrates the Chainlink standard to accelerate digital asset adoption. By natively integrating the Chainlink standard, Coinbase's Project Diamond platform can now offer data and cross-chain connectivity in a secure way that helps meet the compliance needs of institutional adopters.
Chainlink's Cross-Chain Interoperability Protocol (CCIP) enables new assets on Coinbase's Project Diamond platform to become interoperable with public or private blockchains. Chainlink Functions enrich these assets with high-quality, real-world data, no matter which chain they move across via CCIP.
With Chainlink natively integrated into the Project Diamond platform, asset issuers, and fund managers have a secure and compliant solution to quickly scale their tokenized assets across public and private blockchains through verifiable data connectivity. The integration of the Chainlink standard will also enhance the existing Coinbase Project Diamond implementation for Abu Dhabi Global Market's (ADGM) RegLab.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 2% over the past 24 hours, trading at $22.37.
