Chainlink is strengthening its position in cross-chain infrastructure after BitGo selected its Cross-Chain Interoperability Protocol (CCIP) as the exclusive provider for Wrapped Bitcoin (WBTC). This decision shifts around $7.4 billion worth of tokenized Bitcoin onto Chainlink’s infrastructure. Furthermore, it brings the total value of publicly announced migrations from LayerZero to CCIP to roughly $14.6 billion.
Speaking about the development, Chainlink co-founder Sergey Nazarov said the network’s growth is being driven by three factors: security, reliability, and connectivity. He added that BitGo’s migration reflects increasing demand for secure cross-chain infrastructure. Additionally, he expects similar adoption across other tokenized assets.
Why BitGo Switched
WBTC is the largest tokenized version of Bitcoin, allowing BTC to be used across decentralized finance applications on multiple blockchains.
Under the new setup, BitGo will standardize WBTC using Chainlink’s Cross-Chain Token (CCT) standard. In addition, CCIP will become the default cross-chain protocol for future digital assets issued by the company. The company also cited Chainlink’s SOC 2 Type II and ISO 27001 certifications, issuer-controlled transfer limits, and automatic circuit breakers. Furthermore, BitGo highlighted the ability to retain complete ownership of token contracts without relying on CCIP-specific smart contract code.
BitGo said the structure allows it to maintain direct control over token contracts, transfer limits, and operational settings. Therefore, it does not need to rely on an external bridge provider.
Migration Wave Continues
The latest move follows a series of similar decisions made after the $292 million exploit involving Kelp DAO’s LayerZero-powered bridge earlier this year.
Since then, projects including Mantle, Lombard, Kelp DAO, Solv Protocol, Virtuals, Re, Kraken, and Aave have either announced or started migrating their cross-chain infrastructure to Chainlink CCIP.
Following the announcement, Chainlink now supports roughly 70% of wrapped Bitcoin infrastructure after BitGo’s migration.
BitGo Expands Institutional Services
The migration comes as BitGo continues expanding its institutional business with products like BitGo Link, treasury management tools, and quantum-risk protection for Bitcoin wallets. It is also offering controlled DeFi custody for platforms including Aave, Spark, and Tesseract. Neither BitGo nor Chainlink has shared a timeline for completing the WBTC migration across supported blockchains. At the time of writing, LINK traded around $8.18. According to DefiLlama, LayerZero’s total value secured was $6.66 billion and has declined about 12% since projects began moving to Chainlink CCIP.
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