BitGo adopts Chainlink CCIP for $7.7 billion Wrapped Bitcoin

BitGo adopts Chainlink CCIP for $7.7 billion Wrapped Bitcoin

The custodian also plans to implement Chainlink's Cross-Chain Token standard to standardize WBTC deployments.

BitGo has named Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its exclusive cross-chain infrastructure provider, the company said Tuesday.

The crypto custodian plans to transition its Wrapped Bitcoin (WBTC), which has a market capitalization exceeding $7.7 billion, from LayerZero, its legacy interoperability solution and standardize future cross-chain asset transfers on Chainlink CCIP.

BitGo said Chainlink CCIP’s institutional-grade security, compliance certifications and built-in risk controls were key factors behind the decision.

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“BitGo has long been built around a simple principle: security comes first. As we expand support for BitGo-issued assets across more chains, Chainlink CCIP gives us a proven, institutionally adopted interoperability standard that aligns with the controls, reliability, and risk management our clients expect from BitGo,” Mike Belshe, CEO and co-founder of BitGo, stated.

BitGo will also leverage Chainlink’s Cross-Chain Token (CCT) standard to create unified canonical WBTC deployments across supported blockchain networks.

The companies said the infrastructure combines decentralized validation, issuer-managed transfer controls, and institutional security certifications to improve cross-chain asset management.

The collaboration aims to help institutions operate in an increasingly multi-chain environment by providing stronger security, greater operational consistency, and enhanced control over digital asset transfers.

“We’re proud to support BitGo in this defining moment for our industry where one of its most long-standing leaders doubles down on security. Cementing Chainlink CCIP as the exclusive cross-chain infrastructure for WBTC and future BitGo-issued assets is another major milestone towards establishing the secure DeFi ecosystem users demand,” Chainlink Labs’s Johann Eid commented.

BitGo previously worked with LayerZero to expand WBTC across BNB Chain and Avalanche, leveraging LayerZero’s Omnichain Fungible Token standard for native cross-chain transfers.

Following the KelpDAO bridge exploit in April, which targeted a LayerZero off-chain single-verifier DVN configuration, BitGo has now joined a growing number of protocols transitioning their cross-chain infrastructure to Chainlink’s CCIP.

The total value of assets migrated has approached $15 billion, while the latest adoption of Chainlink’s CCT standard is expected to bring nearly 70% of wrapped Bitcoin under CCIP, representing around $16 billion in circulating value.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

BitGo adopts Chainlink CCIP for $7.7 billion Wrapped Bitcoin

BitGo adopts Chainlink CCIP for $7.7 billion Wrapped Bitcoin

The custodian also plans to implement Chainlink's Cross-Chain Token standard to standardize WBTC deployments.

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BitGo has named Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its exclusive cross-chain infrastructure provider, the company said Tuesday.

The crypto custodian plans to transition its Wrapped Bitcoin (WBTC), which has a market capitalization exceeding $7.7 billion, from LayerZero, its legacy interoperability solution and standardize future cross-chain asset transfers on Chainlink CCIP.

BitGo said Chainlink CCIP’s institutional-grade security, compliance certifications and built-in risk controls were key factors behind the decision.

Advertisement

“BitGo has long been built around a simple principle: security comes first. As we expand support for BitGo-issued assets across more chains, Chainlink CCIP gives us a proven, institutionally adopted interoperability standard that aligns with the controls, reliability, and risk management our clients expect from BitGo,” Mike Belshe, CEO and co-founder of BitGo, stated.

BitGo will also leverage Chainlink’s Cross-Chain Token (CCT) standard to create unified canonical WBTC deployments across supported blockchain networks.

The companies said the infrastructure combines decentralized validation, issuer-managed transfer controls, and institutional security certifications to improve cross-chain asset management.

The collaboration aims to help institutions operate in an increasingly multi-chain environment by providing stronger security, greater operational consistency, and enhanced control over digital asset transfers.

“We’re proud to support BitGo in this defining moment for our industry where one of its most long-standing leaders doubles down on security. Cementing Chainlink CCIP as the exclusive cross-chain infrastructure for WBTC and future BitGo-issued assets is another major milestone towards establishing the secure DeFi ecosystem users demand,” Chainlink Labs’s Johann Eid commented.

BitGo previously worked with LayerZero to expand WBTC across BNB Chain and Avalanche, leveraging LayerZero’s Omnichain Fungible Token standard for native cross-chain transfers.

Following the KelpDAO bridge exploit in April, which targeted a LayerZero off-chain single-verifier DVN configuration, BitGo has now joined a growing number of protocols transitioning their cross-chain infrastructure to Chainlink’s CCIP.

The total value of assets migrated has approached $15 billion, while the latest adoption of Chainlink’s CCT standard is expected to bring nearly 70% of wrapped Bitcoin under CCIP, representing around $16 billion in circulating value.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.