BitGo and 12+ issuers migrate $15B in assets to Chainlink CCIP
BitGo (NYSE: BTGO) is migrating its $7.7B+ Wrapped Bitcoin (WBTC) from its legacy bridging provider to Chainlink CCIP, naming CCIP its exclusive cross-chain infrastructure after a rigorous security review. Chainlink says this will standardize WBTC and all future BitGo-issued assets on a single institutional-grade interoperability layer.
Chainlink separately confirmed that 12+ leading asset issuers and DeFi protocols representing $15 billion in total asset value are now officially migrating to CCIP, citing the market's demand for a higher security standard.
Sources
- Now officially migrating to Chainlink CCIP: ✅ 12+ leading asset issuers & DeFi protocols 💰 $15 billion in total asset value The market wants security. Chainlink is providing it. https://t.co/BWu1LxvlWy https://t.co/ceIBKawZm8 Quoting @BitGo: Security comes first. Always has. BitGo is migrating away from our legacy solution and selecting @chainlink CCIP as our exclusive cross-chain infrastructure provider, standardizing WBTC and all future BitGo-issued assets on a single, institutional-grade interoperability https://t.co/7x90nQQlDmx.com ↗
- NEW: @BitGo (NYSE: BTGO) migrates $7.7B+ Wrapped Bitcoin (WBTC) to Chainlink CCIP. After a rigorous review, BitGo deprecated its legacy bridging provider & chose CCIP as its exclusive cross-chain infra given it’s the only solution that meets institutional security requirements. https://t.co/oEYtZtNuFU https://t.co/ceIBKawZm8 Quoting @BitGo: Security comes first. Always has. BitGo is migrating away from our legacy solution and selecting @chainlink CCIP as our exclusive cross-chain infrastructure provider, standardizing WBTC and all future BitGo-issued assets on a single, institutional-grade interoperability https://t.co/7x90nQQlDmx.com ↗
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