Chainlink launched its Cross-Chain Interoperability Protocol 2.0 at the Sibos event, introducing User Self-Verification, which lets participants independently verify cross-chain transactions. The protocol is designed to connect separate blockchain networks and improve control, security and efficiency for asset transfers between traditional and digital finance systems. Chainlink said the capability is set to facilitate the transfer of trillions of dollars from traditional financial systems onto blockchain networks, as institutional interest in tokenization and stablecoins grows, including among Grayscale and Bitwise.