Coinbase’s Project Diamond Strategically Integrates the Chainlink Standard To Scale Institutional Adoption of Digital Assets | PR Newswire [Video]

Coinbase‘s Project Diamond is natively leveraging the Chainlink standard to unlock utility and unify liquidity for institutional asset issuers and fund managers.

, /PRNewswire/ — Chainlink, the standard for onchain finance, and Coinbase announced today that Coinbase‘s Project Diamond—a compliant digital asset platform for global institutions—is adopting the Chainlink standard as infrastructure for powering the full lifecycle management of tokenized assets.

Peregrine, PSG Digital’s regulated business in the ADGM, will be the flagship user.

As the digital asset space grows, access to secure onchain data, including market prices, reference data, AML/KYC data, and proof of reserves is becoming more important. Moreover, digital assets need to be interoperable across public and private chains, as well as existing financial systems, to provide access to secondary markets and unified liquidity. By natively integrating the Chainlink standard, Coinbase‘s Project Diamond platform can now offer data and cross-chain connectivity in a secure way that helps meet …