Ledgity Yield Integrates Chainlink Tokenized Asset Infrastructure To Unlock Cross-Chain LDY Transfers With CCIP

We’re excited to announce that Ledgity Yield has integrated Chainlink CCIP — the industry standard for secure cross-chain interoperability and part of Chainlink’s platform of essential infrastructure for tokenized assets — across the Arbitrum, Base, and Ethereum mainnets. We’re leveraging CCIP’s token transfer capabilities to facilitate cross-chain transfers of our RWA-backed LDY token via XSwap’s frontend interface, enabling users to easily stake LDY from various chains.

By enabling seamless cross-chain interoperability through CCIP, Ledgity Yield can increase liquidity and unlock greater access to new market opportunities for both individuals and protocols through LDY’s RWA-backed yield.

We selected CCIP as our preferred interoperability solution because Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry. Furthermore, CCIP is backed by the Risk Management Network — a separate, independent network that continually monitors and verifies cross-chain operations for suspicious activity. This additional layer of security is particularly important given historical industry exploits and the billions in user funds lost due to insecure and unreliable cross-chain infrastructure.

Ledgity Yield is a stablecoin yield protocol underpinned by real-world assets (RWA). It offers a stable, institutional-grade treasury management solution for users, bridging the gap between decentralized and traditional finance.

When assessing the opportunities and risks of participating in the tokenized asset economy, decision-makers require a high degree of security for their onchain assets. In order to help secure our cross-chain transfers of LDY, we needed access to a highly secure and reliable interoperability solution. After reviewing various solutions, we integrated Chainlink CCIP because it provides a multitude of important benefits and features, such as:

• Time-tested security and reliability — CCIP’s consensus and interoperability layer is powered by Chainlink decentralized oracle networks, which have already secured tens of billions of dollars for smart contracts and enabled over $11 trillion in onchain transaction value. CCIP also features additional layers of protection and reliability via the Risk Management Network and Smart Execution.
• Simplified Token Transfers — CCIP features a plug-and-play solution consisting of audited token pool contracts that handle the complexity of burning and minting or locking and minting tokens across chains. CCIP Token Transfers also have additional security features like Rate Limits, and enable ecosystem partners to easily build new capabilities around a supported token via a single CCIP interface.
• Programmable Token Transfers — CCIP messages are programmable, meaning token transfers and arbitrary data transfers can be one atomic transaction. This enables instructions to be passed in the data payload regarding what to do with the tokens once they arrive at the destination chain.
• Future-proof — CCIP is built to support continuous updates, such as the integration of new blockchains, the introduction of advanced functionalities, and the addition of other defense-in-depth approaches to security. Thus, integrating CCIP eliminates future switching costs should new cross-chain functionalities be required.

“We’re excited to integrate Chainlink’s tokenized asset infrastructure to power secure cross-chain transfers and unlock liquidity of our LDY token. We must maintain the highest security standards possible when bringing real-world assets onchain, which makes Chainlink’s battle-tested and defense-in-depth infrastructure essential for the tokenized asset economy.” — Pierre Yves Dittlot CEO of Ledgity

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $12 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

About Ledgity Yield

Ledgity Yield is designed to be the cornerstone for scalable and efficient yield solutions backed by Real World Assets (RWA), fostering a new realm of financial opportunities. Its platform is designed to bridge the gap between traditional finance and decentralized finance, offering enhanced security, transparency, and extending the potential of blockchain finance. With Ledgity Yield, institutions and individual investors alike can participate in yield-generating programs that are robust, accessible, and aligned with the evolving landscape of finance.

Discover how Ledgity Yield is shaping the future of stable, RWA-backed returns in the web3 space by visiting ledgity.finance or delve into our comprehensive resources at docs.ledgity.finance.