Overview
- The coverage extends to cbBTC, cbETH, cbDOGE, cbLTC, cbADA and cbXRP, which together hold roughly $7 billion in market value at the time of reporting.
- CCIP routes cross-chain messages through decentralized node networks rather than single multisig or bespoke bridges, a design intended to cut operator risk.
- The integration lets users move Coinbase-held exposures into multiple ecosystems and DeFi apps, including using cbBTC on networks such as Base and Solana.
- Coinbase’s Josh Leavitt cited Chainlink’s cross-chain connectivity and reliability for the choice, and Chainlink’s William Reilly said the partnership targets faster growth for wrapped assets.
- The decision follows last week’s CCIP-secured Base–Solana mainnet bridge, signaling a broader multichain push for Coinbase’s tokenized asset suite.