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

Kraken has announced the deprecation of its legacy cross-chain infrastructure in favor of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to secure its wrapped assets. This strategic migration begins with Kraken Wrapped Bitcoin (kBTC), which will now utilize CCIP to facilitate secure cross-chain transfers across various blockchain networks. By adopting Chainlink's technology, Kraken aims to enhance the security and reliability of its tokenized assets as they move between different ecosystems. The exchange plans to leverage this infrastructure for all future wrapped assets, signaling a commitment to standardized, institutional-grade interoperability solutions. This move reflects a broader industry trend where centralized exchanges are increasingly relying on decentralized oracle networks to manage cross-chain liquidity. Kraken's integration underscores the growing importance of secure messaging protocols in the expanding Real World Asset and wrapped token market. The transition is expected to streamline operations while providing users with greater confidence in the integrity of their cross-chain transactions.

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