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Reading: Chainlink closes a week of alliances with Kraken, Coinbase, DTCC and financial giants
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Your Crypto News Today > Market > Chainlink closes a week of alliances with Kraken, Coinbase, DTCC and financial giants
Market

Chainlink closes a week of alliances with Kraken, Coinbase, DTCC and financial giants

May 17, 2026 5 Min Read
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Chainlink closes a week of alliances with Kraken, Coinbase, DTCC and financial giants

Chainlink, the primary community of decentralized oracles out there, closes this Sunday, Might 17, 2026, per week of sturdy institutional growth, with integrations with Kraken, Constancy Worldwide and DTCC, (Depository Belief & Clearing Company), the primary post-trading infrastructure of the US inventory market.

The bulletins reinforce using its know-how in interoperability between networks, tokenized funds and collateral administration.

On Might 14, the American trade Kraken introduced that it’ll migrate the cross-network infrastructure of kBTC, your tokenized bitcoin, in the direction of Chainlink CCIP. With this transformation, you’ll not use LayerZero as an interop supplier in your wrapped property.

kBTC permits BTC for use in decentralized finance (DeFi) purposes and networks specialised in sensible contracts. Chainlink CCIP (Cross-Chain Interoperability Protocol) is a system developed to attach totally different networks and allow safe asset transfers and messages between digital ecosystems.

Kraken justified the choice by noting that Chainlink provides “enterprise-grade infrastructure” with strict safety and threat administration necessities. Among the many highlighted components are ISO 27001 and SOC 2 Sort 2 certifications, structure described as “safe by default”, 16 unbiased nodes and native switch limits.

The change happens in a context of elevated consideration on the safety of infrastructure between networks. As reported by CriptoNoticias, the exploit suffered by Kelp DAO in April was linked to vulnerabilities in configurations related to LayerZero. In that assault, the attacker drained greater than 116,000 rsETH, producing losses near $292 million.

In any case, the migration to Chainlink doesn’t utterly eradicate structural dangers. Though CCIP incorporates extra validation and threat administration mechanisms, Kraken will proceed to depend on a single supplier for the interoperability of its tokenized propertywhich maintains a potential single level of failure.

One other related integration occurred on Might 15, 2026, when Tempo adopted Chainlink CCIP to convey cbBTC to its community. Tempo is a payments-focused Layer 1 community incubated by Stripe and Paradigm, whereas cbBTC is the tokenized bitcoin (BTC) of the Coinbase trade, with greater than $5 billion in circulation.

With this integration, BTC turns into obtainable for the primary time on Tempo via cbBTC. CCIP will reportedly act as an interoperability bridge between networks, permitting Establishments and customers use that asset in DeFi purposes, funds, loans, ensures, buying and selling and efficiency methods.

The growth additionally reached Constancy Worldwide. On Might 13, 2026, the supervisor launched its first native tokenized fund, the Constancy USD Digital Liquidity Fund (FILQ), developed on Ethereum with Chainlink infrastructure and the Sygnum tokenization platform.

In that product, Chainlink gives web asset worth knowledge, generally known as NAV, a key metric for funding funds as a result of it displays the worth of the underlying property. Not like conventional funds, the place the NAV is normally calculated throughout closed hours, this mannequin permits this data to be revealed throughout the digital ecosystem in a extra clear and accessible method.

A day earlier, on Might 12, DTCC built-in Chainlink know-how into its Collateral AppChain digital platform. Publish-trade infrastructure performs a central function within the US monetary market as a result of it participates in post-trade processes, equivalent to clearing, settlement, and custody of securities.

With the mixing of Chainlink, it seeks to modernize collateral mobility and permit close to real-time administration of collateral, costs, valuations and asset actions.

The Collateral AppChain platform is scheduled to enter manufacturing throughout the fourth quarter of 2026. In response to DTCC, The initiative goals to enhance capital effectivity and scale back operational limitations inherent to programs that don’t function repeatedly.

This growth of Chainlink amongst company gamers and monetary companies raises expectations about LINK, its native token. As reported by CriptoNoticias, monetary analyst Ted Stamas believes that LINK may outperform the S&P 500 within the subsequent 4 years.

Regardless of these bulletins, the value of the token exhibits one other dynamic. The asset fell from $10.49 to $9.79 within the final 7 days, representing a drop of shut to six.7%.

The distinction exhibits that institutional adoption of infrastructure doesn’t all the time instantly translate into value will increase. Nonetheless, these integrations reinforce a development: Chainlink is increasing its function past oracles and beneficial properties presence as an infrastructure supplier for tokenization, interoperability and monetary knowledge inside digital and institutional markets.

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