# Chainlink's Cross-Chain Interoperability Protocol (CCIP) will become the exclusive cross-chain service for Kraken's wrapped crypto assets.

*web3 · news · 2026-05-14 · CoinDesk*

## Key points

- Kraken is replacing LayerZero with Chainlink CCIP for moving its wrapped crypto assets.
- Kraken's migration was prompted by Kelp's $292 million LayerZero bridge exploit, the largest in 2026.
- Over $3 billion in assets have now migrated from LayerZero to other cross-chain protocols following security concerns.
- Kraken's migration includes assets on Ink, Ethereum, Unichain, Optimism, with more blockchains planned soon.
- Kraken's parent, Payward, applied this month for a federal trust charter to become a crypto bank.

**Companies:** Chainlink, Kraken, Coinbase
**Countries:** United States

[Read the full story on CoinDesk](https://www.coindesk.com/business/2026/05/14/kraken-to-replace-layerzero-with-chainlink-to-bridge-assets-across-blockchains)

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