Disclosed is process for producing a wear-resistant coating on a component. The process comprises providing an electrolyte which contains Co and/or Ni, dispersing first particles comprising hard material particles and/or slip material particles in the electrolyte, dispersing second particles comprising metal alloy particles in which the metal alloy comprises chromium and aluminum in the electrolyte, providing a component to be coated in a bath of the electrolyte which has first and second particles dispersed therein, and electrodepositing a matrix of Co and/or Ni with incorporated first and second particles on the component. A correspondingly produced wear-resistant coating is also disclosed.