Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is the industry standard for cross-chain digital asset and data transfer. Leading DeFi protocols and DEXs as well as traditional financial institutions are integrating CCIP to unlock new use cases and markets for crypto and tokenized real-world assets with unique onchain utility.
Today, ZKsync, an Ethereum layer-2 leveraging cutting-edge zero-knowledge (ZK) technology, announced CCIP is now live on Era Mainnet. The integration marks a new milestone in ZKsync’s joint effort with Chainlink to satisfy growing institutional interest in tokenization.
Last December, ZKsync integrated Chainlink Price Feeds and joined Chainlink Scale to support the creation of secure, scalable, feature-rich dApps through Chainlink’s oracle infrastructure. As the industry-leading decentralized computing platform, Chainlink has securely and reliably enabled over $15 trillion in transaction value, even during volatile market conditions and adverse events such as flash loan attacks.
At Point Zero Forum in July, Chainlink announced a collaboration with Fidelity International and Sygnum to bring net asset value (NAV) data for Fidelity International’s $6.9 billion Institutional Liquidity Fund onchain. Sygnum tokenized $50 million of Matter Labs’ company treasury reserves, which are held in Fidelity International’s money market fund and were issued on ZKsync.
Last month, leading DeFi protocol Aave launched on ZKsync Era, giving AaveV3 users access to secure, low-cost transactions powered by ZK technology and Chainlink’s highly reliable price data.
CCIP achieves the highest level of cross-chain security and features a separate Risk Management Network that independently monitors cross-chain functions for suspicious activity. Programmable Token Transfers allow developers to build smart contract applications capable of transferring digital assets between blockchains with instructions for how assets should be used on the destination chain.
CCIP’s native availability on ZKsync significantly expands access to the Elastic Chain ecosystem by empowering web3 developers to build next-gen dApps with cross-chain capabilities.
“ZKsync has become a household name in the blockchain industry, quickly building its ecosystem into a powerful environment for developers and financial institutions looking to move onchain,” said Johann Eid, Chief Business Officer at Chainlink Labs, in an official announcement.
“We’re excited to have been a part of Aave V3’s recent launch on ZKsync Era, which included the integration of Chainlink Price Feeds through the Scale program. The natural progression in our collaboration was the integration of Chainlink CCIP, enabling seamless multi-chain access as ZKsync Era continues to gain momentum in the zero-knowledge space.”
Marco Cora, Director at the ZKsync Foundation, underscored the integration’s significance in the ongoing effort to bridge the gap between TradFi and DeFi.
“As more financial institutions move onchain, the tokenization of real-world assets is growing rapidly,” he said. “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.”
To learn more about ZKsync, visit their website, X, Telegram, and Discord.