Chainlink launched CCIP 2.0 on Sept. 28, adding new controls aimed at giving institutions greater oversight of cross-chain transactions.
The upgrade comes as banks and financial firms explore blockchain-based transfers of tokenized assets. LINK rose to about $14.34 during the session as the new version rolled out.
CCIP 2.0 allows asset issuers to operate their own Cross-Chain Verifiers, or CCVs, which can add checks before transactions are completed. Users can also set verification rules and settlement requirements based on the value and risk of each transfer.
CCIP Adds Compliance Controls
The upgrade integrates Chainlink’s Automated Compliance Engine into its cross-chain system. The framework can support allowlists, sanctions checks, transaction limits and other requirements before transfers are completed.
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Issuers can also require specific verifiers to approve transactions or set thresholds for additional checks. Amazon Web Services and Google Cloud can host CCVs, while Infosys and Nethermind are developing verification services.
Institutions Gain Settlement Options
CCIP 2.0 lets users choose different confirmation periods. Smaller transfers can use shorter periods, while larger transactions can wait for stronger confirmation.
Chainlink says its infrastructure secures more than $84 billion in cross-chain token value, with about $15 billion moved through the system recently. The company also cited interest from Swift, DTCC, Euroclear and UBS.
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