Five months after the $292 million$ Kelp DAO exploit put cross-chain security back under the spotlight, Chainlink $LINK is giving institutions more control over how transfers are verified.
With the launch of CCIP 2.0, banks and other institutions can now run their own independent Cross-Chain Verifiers or use third-party providers to perform additional checks before assets move across networks.
The move comes as institutions increasingly bring tokenized assets and other financial products onchain. Chainlink says its standard verification system remains in place, while the new verifier system gives institutions another layer of control over cross-chain transactions.
The bigger shift is that institutions no longer have to rely entirely on a single verification setup. They can now add their own security requirements to the process as blockchain infrastructure moves deeper into traditional finance.