Chainlink, the industry-standard decentralized computing platform, and ZKsync, an ever expanding verifiable blockchain network secured by math, announced that Chainlink CCIP, the industry-standard cross-chain protocol, is now live on ZKsync’s Era Mainnet.
This is the next phase between Chainlink and ZKsync, and is “in line with the shared commitment to create a uniform and united Layer 2 ecosystem on Ethereum and increase access to zero-knowledge technology.”
The integration provides an additional on-ramp “for people to join the Elastic Chain ecosystem and empowers Web3 developers with top-tier infrastructure for creating feature-rich dApps.”
ZKsync is a member of Chainlink Scale and this integration is “the latest development in the ZKsync ecosystem designed to connect decentralized finance (DeFi) with traditional finance (TradFi).”
Marco Cora, Director at the ZKsync Foundation:
“As more financial institutions move onchain, the tokenization of real-world assets is growing rapidly. 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 is the industry standard “for cross-chain interoperability that allows developers to build highly secure applications capable of operating efficiently and in-sync across blockchains that have integrated CCIP.”
CCIP Programmable Token Transfers “enable smart contracts to seamlessly transfer tokens cross-chain along with instructions on what the receiving smart contract should do with those tokens once they arrive on the destination chain.”
CCIP’s arbitrary messaging capabilities empower developers “to create sophisticated cross-chain smart contracts, allowing them to send data and trigger function calls on contracts deployed on other blockchains from any compatible chain.”
This versatility makes CCIP an essential tool “for developers aiming to create interoperable and efficient blockchain solutions.”
This upgrade to ZKsync’s capabilities follows “a recent landmark production use case for tokenized assets. In July, Chainlink, Fidelity International, and Sygnum brought Net Asset Value (NAV) onchain, enhancing transparency and accessibility for Fidelity International’s $6.9 billion Institutional Liquidity Fund (ILF).”
As part of this tokenization of real-world assets, Sygnum brought $50 million of Matter Labs’ treasury reserves “that are held in the ILF onto ZKsync.”
Chainlink is the industry-standard decentralized computing platform “powering the verifiable web.”
Chainlink has enabled over $15 trillion “in transaction value by providing financial institutions, startups, and developers worldwide access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain.”
Chainlink powers verifiable applications and “high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.”
