Coinbase Uses Chainlink CCIP to Bridge $7B in Wrapped Tokens
Coinbase announced it will use Chainlink's CCIP to connect about $7 billion in wrapped tokens across several networks, enabling secure cross-chain transfers and standardized messaging between chains. The integration is designed to reduce reliance on bespoke bridge infrastructure and taps Chainlink’s reputation for oracle security and multisig protections. For users and custodians, this should mean simpler token movements and fewer manual wrap/unwrap steps.
The move is notable for both interoperability and market infrastructure: bringing a large pool of wrapped assets under a single, protocol-driven transfer layer could ease liquidity fragmentation in DeFi and make asset flows more transparent. It also represents a material enterprise-level endorsement for CCIP, which may influence demand dynamics for Chainlink services and the LINK token. Overall, the integration is a practical step toward smoother, more secure cross-chain asset management.