PANews reported on December 11 that according to Cointelegraph, the blockchain oracle network Chainlink has completed integration with Project Diamond, a digital asset platform built by Coinbase for global institutions. The integration will provide data support and enable full life cycle management of new tokenized assets on the platform. Project Diamond is regulated by the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA) and is a resident project in the Abu Dhabi Global Market Regulatory Laboratory (ADGM RegLab) sandbox, with the commercial name Onchain Marketplace. This integration will upgrade the implementation.
Peregrine, a business of PSG Digital, which is regulated by ADGM, will become the flagship user of the integrated platform. Chainlink will provide data and connections between public and private chains and existing financial systems through its Cross-Chain Interoperability Protocol (CCIP), ensuring that users obtain compliant solutions. Chainlink Labs, the main developer of Chainlink, also announced that it will set up an entity under the Abu Dhabi Global Market Registry as a base for expansion in the Middle East and North Africa (MENA) region.
