Decentralized Oracle Network Expansion
Chainlink has expanded its cross-chain interoperability protocol to the zero-knowledge proofs platform ZKsync, enhancing interoperability between decentralized finance and traditional finance. This move aligns with the goal of having a unified layer 2 ecosystem on Ethereum and increasing development and adoption of zero-knowledge technology.
Integration of Chainlink CCIP on ZKsync
The launch of Chainlink CCIP on the ZKsync Era mainnet aims to drive growth in real-world asset tokenization and provide a gateway for financial institutions to adopt on-chain solutions. This integration enables smart contract-powered cross-chain token transfers and programmable token transfers using Chainlink’s technology.
Boosting Tokenized Assets Market
Chainlink’s partnership with Fidelity International and Sygnum to bring net asset value on-chain has boosted the tokenized assets market, with recent integrations with companies like Sony Group. The collaboration with ZKsync and other initiatives are driving further adoption of blockchain technology in traditional finance sectors.
