Coinbase taps Chainlink to boost institutional crypto adoption in Abu Dhabi
Coinbase’s Project Diamond has adopted the Chainlink Standard to drive institutional adoption of digital assets, according to a Dec. 10 statement shared with CryptoSlate.
Project Diamond, managed by Coinbase Asset Management, focuses on serving institutional users outside the US. It leverages a comprehensive infrastructure that includes Coinbase Prime custody, the Prime Onchain Wallet, the Project Diamond platform, USDC, and the exchange’s Ethereum layer-2 network, Base.
The initiative is regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) under the trade name Onchain Marketplace.
How Project Diamond will leverage Chainlink
The Chainlink integration enables Project Diamond to support tokenized…
