Chainlink launches cross-chain protocol bridging blockchain to TradFi By Cointelegraph

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The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross-chain protocol, aimed at providing interoperability between traditional financial firms and both public and private blockchains.

In a July 17 post on the Chainlink blog, Chainlink Labs’ Chief Product Officer Kemal El Moujahid announced that its Cross-Chain Interoperability Protocol (CCIP) has launched under early access on , , Polygon, Arbitrum, and Optimism.

A diagram depicting how financial institutions can use CCIP to transact on-chain.Source: Chainlink.
The LINK token surged 7.5% following the news of CCIP’s launch on mainnet. Source: CoinGecko