The upgrade is supported by AWS, Google Cloud, and financial firms including Fidelity International, ANZ, and Deutsche Börse's Crypto Finance. Chainlink's infrastructure currently secures more than $84B in token value and is positioned to facilitate the transition of $600 trillion in traditional finance to onchain systems. The company featured the launch of CCIP 2.0 at the Sibos 2026 conference.
Tuesday, October 20, 2026
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Chainlink First Bridge to Use Fast Confirmation Rule Cuts Transfers to 12 Seconds
Crypto22 days ago
Institutions and token issuers can now deploy their own security verification layers on Chainlink transfers to prevent the single-verifier vulnerabilities that led to a $292M Kelp DAO bridge hack in April. Under the CCIP 2.0 upgrade, cross-chain transfers only execute once both the user's custom verifier and Chainlink's 16 operator committee sign off. The update also incorporates the Ethereum Fast Confirmation Rule, which reduces transfer times from approximately 13 minutes to between 12 and 24 seconds.
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