The 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 users with an additional on-ramp to join the Elastic Chain ecosystem and provides Web3 developers with an 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 up the chain, the tokenization of real-world assets is growing rapidly,” said Marco Cora, director of the ZKsync Foundation. “The need for transparent and secure cross-chain standards will be critical to growing blockchain adoption in traditional finance, and with the integration of Chainlink CCIP, ZKsync provides a gateway for these institutions to join the chain.”
Chainlink CCIP allows developers to build secure applications that work across multiple blockchains. It offers programmable token transfers and random messaging capabilities, allowing the creation of advanced cross-chain smart contracts.
“ZKsync has become a household name in the blockchain industry and has quickly built its ecosystem into a powerful environment for developers and financial institutions looking to go onchain,” said Johann Eid, Chief Business Officer at Chainlink Labs.
We are pleased to have been part of the recent launch of Aave V3 on ZKsync Era, including the integration of Chainlink Price Feeds through the Scale program. The natural progression in our collaboration was the integration of Chainlink CCIP, enabling seamless access to multiple chains 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 to ZKsync.
Credit : cryptonews.net
