Coinbase Partners with Chainlink CCIP to Secure $7 Billion in Cross-Chain Wrapped Assets

In a major move for blockchain interoperability, Coinbase has officially selected Chainlink's Cross-Chain Interoperability Protocol (CCIP) as its exclusive institutional bridge. This strategic partnership will facilitate the secure transfer of approximately $7 billion in wrapped tokens, such as Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH), across various blockchain networks. The integration aims to enhance security and reliability for institutional clients using Coinbase's platform. By leveraging Chainlink's decentralized oracle network and CCIP's proven security framework, Coinbase seeks to mitigate cross-chain risks and provide a robust infrastructure for the growing decentralized finance (DeFi) ecosystem. This collaboration marks a significant step in bridging traditional finance with the multi-chain future of digital assets.