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Stobox Integrates Chainlink CCIP and Proof of Reserves

Twitter icon  •  Published 2 months ago on November 12, 2024  •  Hassan Maishera

On Monday, Chainlink announced via X that Stobox has integrated Chainlink CCIP and Proof of Reserve (PoR) on the Ethereum blockchain.

Stobox Integrates Chainlink CCIP and Proof of Reserves

On Monday, Chainlink announced via X that Stobox has integrated Chainlink CCIP and Proof of Reserve (PoR) on the Ethereum blockchain. CCIP will enable cross-chain transfers of Stobox's STBU token, while PoR will cryptographically verify collateralization for its tokenized assets.

Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 5% over the past 24 hours and is trading at $14.56 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.