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Pleasing Market is replacing LayerZero with Chainlink as its cross-chain infrastructure provider after a security review.
The move shifts about $90 million in tokenized precious-metals value to Chainlink’s interoperability stack. Pleasing Market said the change will support safer cross-chain movement for its current assets and future network expansions.
PGOLD and USDpm Will Use Chainlink CCIP
Pleasing Market will retire its LayerZero bridges and use Chainlink’s Cross-Chain Interoperability Protocol for transfers of PGOLD and USDpm. The assets are expected to run across Arbitrum, Ethereum, Pharos and future networks.
PGOLD is Pleasing Market’s tokenized gold product, while USDpm is the platform’s dollar-pegged ecosystem token. Pleasing Market describes PGOLD as a digital token backed by LBMA-certified physical gold.
Chainlink Data Streams Will Price Tokenized Metals
Pleasing Market has also adopted Chainlink Data Streams to support pricing for tokenized precious metals across multiple blockchain networks.
The pricing layer supports trading, collateral use and redemptions for tokenized metals. That makes the migration both an interoperability change and a market-data upgrade.
Kelp DAO Exploit Pushed Bridge-Security Review
The move follows the Kelp DAO exploit, which brought new scrutiny to bridge risk across DeFi and tokenized real-world asset markets.
Pleasing Market CTO Leon Ma said the platform chose Chainlink after reviewing interoperability options and looking for infrastructure that could reduce systemic risk for tokenized precious metals. Reports have also named other projects adopting Chainlink interoperability tools, including Solv Protocol, Lombard and Kraken.
$90M Migration Moves Metals to Chainlink Rails
The first task is the migration of PGOLD and USDpm from LayerZero to Chainlink CCIP.
For Pleasing Market, the change puts cross-chain infrastructure inside its tokenized-asset risk controls. The platform will use Chainlink CCIP and Data Streams for tokenized metals across supported networks.
