BitGo drops LayerZero for Chainlink on $7.3B wrapped bitcoin
Tech & Launches ·
BitGo will make Chainlink's CCIP the sole cross-chain provider for its wrapped bitcoin, extending a wave of departures from LayerZero infrastructure across the industry.
The switch covers $7.3 billion in WBTC and marks the exit of one of the largest tokens still relying on LayerZero for cross-chain transfers. With this change, the total value tied to announced moves from LayerZero to Chainlink's CCIP has climbed to roughly $14.6 billion.
BitGo intends to standardize its WBTC deployments around Chainlink's Cross-Chain Token framework and default to CCIP for any assets it issues going forward. The arrangement lets BitGo keep authority over its token contracts, including setting rate limits and other transfer controls, rather than ceding that oversight to the bridge provider. BitGo had originally brought LayerZero on in 2024 to extend WBTC onto additional chains, starting with Avalanche and BNB Chain, under a setup that required sign-off from either BitGo's own verifier alongside LayerZero or Polyhedra for each transfer.
The shift follows a string of similar announcements from other projects moving their cross-chain plumbing to CCIP, part of a broader reassessment of LayerZero-based bridge setups that gathered pace after a $292 million exploit tied to a LayerZero-powered bridge used by Kelp DAO earlier this year. Chainlink's own directory already shows CCIP-enabled WBTC liquidity pools live on Ethereum and Ronin, suggesting some infrastructure work is already underway ahead of the full rollout.
What remains unspecified is the timeline for completing BitGo's broader migration across all chains where WBTC currently circulates. It is also unclear whether additional projects still running on LayerZero will follow suit, which would push the combined migration total higher still.