Chainlink launched CCIP 2.0 at the Sibos event, introducing User Self-Verification, a feature that lets participants independently verify cross-chain transactions. CCIP, or Cross-Chain Interoperability Protocol, is designed to connect separate blockchain networks and enable transfers between them. The update is intended to improve security and efficiency for financial institutions seeking links 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 demand for secure and efficient cross-chain solutions grows amid heightened interest in blockchain technology across financial sectors.