Coinbase Picks Chainlink CCIP as Exclusive Bridge for Wrapped Asset Expansion
Coinbase has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridging infrastructure for its Coinbase Wrapped Assets, marking a major development in cross-chain functionality for institutional and retail users. The partnership will allow wrapped assets such as cbBTC, cbETH, cbDOGE, cbLTC, cpoorA, and cbXRP—currently totaling around $7 billion in aggregate market cap—to expand across additional blockchain ecosystems. With interoperability now a central pillar of the onchain economy, Coinbase’s move underscores its strategy of aligning with established, security-focused infrastructure providers.
Chainlink CCIP will serve as the only bridging mechanism for these wrapped assets, enabling and greater utility for users viewking liquidity and asset mobility across networks. Chainlink highlighted that CCIP is powered by the identical decentralized oracle networks securing over 70% of global DeFi and supporting more than $27 trillion in transaction volume to date. The selection reinforces Chainlink’s reputation for reliability and security, which Coinbase cited as essential to the decision.
“We chose Chainlink because they are an industry leader for cross-chain connectivity. Their infrastructure provides a reliable means to expand Coinbase Wrapped Asset offerings,” said Josh Leavitt, Senior Director of Product Management at Coinbase. Chainlink echoed the sentiment, with William Reilly, Head of Strategic Initiatives, stating: “CCIP was selected by Coinbase for their cross-chain needs due to CCIP’s security and reliability. As the leading publicly-listed firm for digital assets, Coinbase takes security and reliability for their products seriously. I am excited about accelerating the growth of Coinbase’s wrapped assets and look forward to assisting bring global finance onchain.”
Why CCIP’s Integration Matters for the Wrapped Asset Ecosystem
The decision arrives as interoperability becomes increasingly significant for liquidity providers, institutional participants, and builders viewking unified access across fragmented blockchain environments. Wrapped assets have gained traction as a mechanism for moving value across ecosystems, but depend heavily on trusted bridging infrastructure to mitigate risks. Coinbase’s endorsement of CCIP signals a preference for frameworks that emphasize decentralization, fail-secures, and robust security guarantees.
Chainlink’s battle-tested oracle networks bring a level of resilience that has become a critical requirement for platforms and financial platforms adopting cross-chain operations. The partnership comes on the heels of the recent launch of the Base–Solana bridge, also secured using Chainlink CCIP, illustrating how the protocol is cementing its role in connecting high-volume ecosystems. With Coinbase continuing to scale its onchain infrastructure roadmap, CCIP will provide the connective layer needed to extend wrapped assets across emerging networks with minimal friction.
The expansion of Coinbase Wrapped Assets aligns with broader industry trends toward improving capital efficiency and reducing fragmentation in DeFi. Wrapped assets allow users to deploy collateral across multiple chains, participate in yield-generating opportunities, and access cross-chain liquidity pools. By committing to a single interoperability provider, Coinbase is ensuring consistency in the security model and minimizing integration complexity for builders aiming to support cbAssets across various protocols.
How the Partnership Advances the Onchain Financial Infrastructure Agenda
The collaboration between Coinbase and Chainlink highlights a shared vision for an interoperable, institutional-grade onchain financial system. With Coinbase increasingly positioning itself as a key infrastructure provider for the emerging decentralized economy, CCIP offers the programmable, secure, and scalable connectivity layer necessary for real-world financial primitives to function across distributed environments. This aligns with broader industry momentum to bring capital markets onchain while maintaining compliance and operational rigor.
Chainlink’s stack—spanning data feeds, automation, proof-of-reserve, and now cross-chain messaging—has been widely including Swift, Euroclear, UBS, ANZ, Fidelity International, and Mastercard. As Coinbase expands its wrapped asset program, it taps into the identical standards and protections that have become the default choice for DeFi and enterprise blockchain pilots globally. The ability to issue and move tokenized assets across chains is central to the next phase of tokenization, settlement innovation, and institutional engagement.
The announcement also reinforces Coinbase’s broader strategy of advocating for responsible crypto regulation and building trusted pathways for global users to engage with digital assets. By selecting a battle-tested and widely adopted interoperability protocol, the company the door to new liquidity venues and multi-chain applications. With poised for broader adoption across DeFi, gaming, payments, and cross-chain identity use cases, the Coinbase–Chainlink alignment strengthens both firms’ roles in shaping the next iteration of the onchain economy.
[Optional visual: graphic of cross-chain asset flows using CCIP architecture]
