Coinbase Taps Chainlink CCIP as Exclusive Bridge for Wrapped Asset Expansion

Source: DefiPlanet Original Title: Coinbase Taps Chainlink CCIP as Exclusive Bridge for Wrapped Asset Expansion Original Link: https://defi-planet.com/2025/12/coinbase-taps-chainlink-ccip-as-exclusive-bridge-for-wrapped-asset-expansion/

Quick Breakdown

• A major U.S. exchange names Chainlink CCIP as exclusive bridge for its $7B wrapped asset suite, enabling secure cross-chain transfers.
• Integration leverages Chainlink’s proven infrastructure, supporting multi-chain adoption without compromising security or token integrity.
• Ascend Protocol joins Chainlink BUILD program, expanding ecosystem growth and adoption for real-world asset platforms.

Major Exchange Secures Cross-Chain Infrastructure

A major U.S. exchange has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridge infrastructure for its wrapped asset suite, marking one of the most significant cross-chain commitments yet between a major regulated exchange and a decentralized oracle network. The partnership aims to accelerate the multi-chain reach of wrapped assets (cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP), which collectively have a market value of roughly $7 billion.

Chainlink Secures Wrapped Asset Bridge

Under the agreement, CCIP becomes the sole mechanism for enabling wrapped tokens to move across blockchain networks. Chainlink’s infrastructure, which secures over 70% of global DeFi and more than $27 trillion in on-chain transaction value, provides the security foundation sought for cross-chain expansion.

The exchange said the decision was driven by CCIP’s defence-in-depth architecture and its long-standing reliability across markets. The integration is expected to streamline interoperability and support the introduction of wrapped assets into new ecosystems without compromising security or token integrity.

Partnership Builds on Cross-Chain Momentum

The announcement follows recent rollout of cross-chain bridge initiatives, also secured through Chainlink CCIP. Together, the initiatives position the exchange to scale its on-chain asset offerings while reinforcing Chainlink’s role as a core interoperability layer for major institutions.

Chainlink executives noted that the designation solidifies CCIP as the preferred cross-chain standard for regulated entities seeking secure infrastructure. The exchange added that the collaboration will support the future growth of its wrapped asset program as it expands deeper into multi-chain markets.

The integration is now underway, with both organizations preparing technical coordination and ecosystem onboarding to bring wrapped assets to additional networks in the coming months.

Ecosystem Expansion

Meanwhile, Ascend Protocol has joined the Chainlink BUILD program to accelerate adoption and deepen its integration with Chainlink’s oracle and interoperability stack. Supported by major backers, Ascend gains access to Chainlink’s decentralized oracle services, technical support, and cryptoeconomic security features.