PI Global Investments
Bitcoin

Kraken Migrates to Chainlink CCIP for Wrapped Bitcoin and Future Wrapped Assets


Kraken is deprecating its existing cross-chain infrastructure and moving exclusively to Chainlink CCIP to secure Kraken Wrapped Bitcoin (kBTC) and all future wrapped assets.

Kraken announced it is deprecating its existing cross-chain provider and migrating to Chainlink CCIP as its exclusive cross-chain infrastructure for Kraken Wrapped Bitcoin (kBTC) and all future Kraken Wrapped Assets. The migration leverages Chainlink’s enterprise-grade infrastructure, which includes ISO 27001 and SOC 2 Type 2 certifications, secure-by-default architecture, 16 independent nodes, and native rate limits.

No action is required from kBTC customers during the migration. Kraken said additional details on the migration process will follow through official Kraken channels.

The partnership aims to accelerate global crypto adoption by unlocking utility and distribution for Kraken Wrapped Assets across decentralized finance. Chainlink CCIP (Cross-Chain Interoperability Protocol) provides cross-chain messaging and token transfers with security oversight designed to meet institutional standards.

Sources: Kraken

This article was produced with the help of AI flows.



Source link

Related posts

Breaking Crypto Analysis: Best Altcoin to Buy for Next Bull Run as BlockchainFX ($BFX) Presale Heats Up, TON Retreats, and ICP Falls

D.William

BCH holds above long-term support with volatility stabilizing at 9.24%: weekly report

D.William

BTCB vs BTC: Which Is Safer, Faster, and More Profitable?

D.William

Leave a Comment