Coinbase is integrating Chainlink’s CCIP into its Diamond project. The partnership aims to improve the management of tokenized assets and facilitate exchanges between public and private blockchains. In addition, it will also enable improved data transfer between different blockchain networks.
Operating under the Abu Dhabi Global Market (ADGM) regulatory framework, Diamond is designed to serve institutional investors and asset managers. With this integration, institutions gain access to secure and compliant solutions for their financial transactions.
In addition, the Oracle Network’s robust data and interoperability infrastructure will meet the growing demand for secure on-chain data. This includes market prices, reference data, and key compliance information such as anti-money laundering (AML) and know-your-customer (KYC) details.