BitGo Shifts $7.3B WBTC Infrastructure From LayerZero to Chainlink

TLDR

• BitGo names Chainlink CCIP as the exclusive cross-chain provider for all WBTC.

• The $7.3 billion WBTC migration lifts announced CCIP moves near $15 billion.

• BitGo will use Chainlink’s CCT standard for future token launches and transfers.

• The new setup lets BitGo retain control of token contracts and transfer limits.

• No full migration schedule has been released for supported blockchain networks.

BitGo will move $7.3 billion in WBTC cross-chain infrastructure from LayerZero to Chainlink CCIP. The shift makes Chainlink the exclusive interoperability provider for the widely used tokenized Bitcoin product. It also lifts announced LayerZero-to-Chainlink migrations across the crypto sector to roughly $14.6 billion.

WBTC moves to Chainlink’s cross-chain standard

BitGo will standardize WBTC deployments through Chainlink’s Cross-Chain Token standard. The company will also use CCIP by default for future digital assets it issues. This approach creates one operating framework for transfers across several supported blockchain networks.

Under the structure, BitGo will retain control over token contracts and transfer settings. It can set rate limits and change operating controls without handing authority to an external bridge provider. Therefore, the company keeps direct oversight of cross-chain WBTC movements and related security settings.

WBTC represents Bitcoin on networks that support decentralized finance applications and programmable transactions. Users can deploy the token for lending, trading and collateral outside the native Bitcoin blockchain. CoinMarketCap data places its market value near $7.4 billion, making it the largest tokenized Bitcoin product.

Chainlink gains from LayerZero migration wave

The WBTC switch follows several announced migrations from LayerZero to Chainlink CCIP. Mantle, Lombard, Aave and Kraken have disclosed similar infrastructure changes during the recent migration wave. Together, earlier announcements covered about $7.24 billion in assets before the WBTC decision.

The migration wave followed a $292 million exploit involving Kelp DAO’s LayerZero-powered bridge earlier this year. The incident increased attention on bridge configurations, approval systems and cross-chain security controls. Several projects then selected Chainlink infrastructure for future token transfers across multiple networks.

Chainlink already lists CCIP-enabled WBTC pools on Ethereum and Ronin in its public directory. However, neither company provided a schedule for completing the wider migration across supported networks. Existing WBTC holders received no announced operational changes beyond the underlying infrastructure switch.

BitGo maintains control while expanding services

BitGo previously selected LayerZero in 2024 to expand WBTC beyond Ethereum. The earlier rollout supported deployments on Avalanche and BNB Chain under a shared verification model. Each transfer required approval from BitGo and either LayerZero or Polyhedra before completion.

The new model simplifies deployments while preserving direct control over token operations. BitGo can manage contracts, rate limits and transfer rules through the CCT framework. As a result, the company can standardize future cross-chain assets under one system without surrendering operational authority.

The move also supports BitGo’s broader institutional infrastructure strategy across custody, settlement and treasury services. The company recently launched BitGo Link for treasury management across custody accounts and connected exchanges. It has also expanded controlled DeFi access and introduced quantum-risk tools for supported Bitcoin multisignature wallets.