2 months ago
18 ARTICLE AD
Integration aims to connect DeFi with TradFi, providing gateway for institutions to enter blockchain space.
Key Takeaways
Chainlink CCIP is now live on ZKsync's Era Mainnet, enhancing cross-chain interoperability. The integration aims to connect DeFi with TradFi, providing a gateway for institutions to enter the blockchain space. <?xml encoding="UTF-8"?>Chainlink CCIP cross-chain protocol is now live on ZKsync’s Era Mainnet. This integration is part of an ongoing collaboration between Chainlink and ZKsync to create a unified layer-2 ecosystem on Ethereum and increase access to zero-knowledge technology.
The integration provides an additional on-ramp for users to join the Elastic Chain ecosystem and equips Web3 developers with infrastructure for creating feature-rich decentralized applications (dApps).
Notably, ZKsync is also a member of Chainlink Scale, and aims to connect decentralized finance (DeFi) with traditional finance (TradFi) through this development.
“As more financial institutions move onchain, the tokenization of real-world assets is growing rapidly,” Marco Cora, Director at the ZKsync Foundation. “The need for transparent and secure cross-chain standards becomes paramount to grow the adoption of blockchains in traditional finance and with the integration of Chainlink CCIP, ZKsync provides a gateway for these institutions to come onchain.”
Chainlink CCIP enables developers to build secure applications that operate across multiple blockchains. It offers programmable token transfers and arbitrary messaging capabilities, allowing for the creation of sophisticated cross-chain smart contracts.
“ZKsync has become a household name in the blockchain industry, quickly building its ecosystem into a powerful environment for developers and financial institutions looking to move onchain,” Johann Eid, Chief Business Officer at Chainlink Labs, commented.
We’re excited to have been a part of Aave V3’s recent launch on ZKsync Era, which included the integration of Chainlink Price Feeds through the Scale program. The natural progression in our collaboration was the integration of Chainlink CCIP, enabling seamless multi-chain access as ZKsync Era continues to gain momentum in the zero-knowledge space.”
This development follows a recent collaboration between Chainlink, Fidelity International, and Sygnum, which brought Net Asset Value (NAV) onchain for Fidelity International’s $6.9 billion Institutional Liquidity Fund. As part of this initiative, Sygnum brought $50 million of Matter Labs’ treasury reserves held in the ILF onto ZKsync.
Disclaimer
