Re Protocol Migrates $475M+ TVL to Chainlink CCIP, Decommissions Legacy Bridge
Re Protocol Migrates $475M+ TVL to Chainlink CCIP, Decommissions Legacy Bridge
🔐 Re ditches old bridge
Leading reinsurance protocol Re ($475M+ TVL) is migrating to Chainlink CCIP as its exclusive cross-chain infrastructure after an extensive security review.
Key Details:
- Re is decommissioning its legacy bridging solution
- CCIP will enable secure reUSD distribution across all chains
- Migration follows similar move by Solv Protocol ($700M+ in tokenized BTC)
This continues a trend of major DeFi protocols choosing CCIP for enhanced security. Solv recently migrated its tokenized BTC assets (Solvbtc & xSolvbtc) to CCIP, citing its 16 independent node operators per bridge lane as a key security advantage.
The industry shift reflects growing demand for decentralized-by-default infrastructure with the highest security standards.
Read the full announcement ⬇️ re.xyz/insights/chain…
LIVE: @BNBChain’s top prediction market @predictdotfun adopts Chainlink to power new 15-min Bitcoin markets. High-speed BTC markets are now live, powered by Chainlink DataLink + CRE for near-instant settlement.
After an extensive security review, leading reinsurance protocol @re ($475M+ TVL) is decommissioning its legacy bridging solution & migrating to Chainlink CCIP. As Re’s exclusive cross-chain infra, CCIP is unlocking secure reUSD distribution across all chains. DeFi will win.
Re is migrating from LayerZero to @Chainlink CCIP We chose CCIP for its security: decentralized oracle networks, 16 node operators per lane, and native rate limits. Powering the expansion of reUSD across the multi-chain ecosystem.
Read the full announcement ⤵️ news.predict.fun/predict-fun-ad…
NEW: @SolvProtocol is fully migrating to Chainlink CCIP as its official cross-chain infra for $700M+ in tokenized BTC. After an extensive review, Solv is deprecating its legacy bridges and standardizing on CCIP as it provides the greatest cross-chain security. DeFi will win.
After an extensive security review, we have decided to deprecate @LayerZero_Core bridges for SolvBTC and xSolvBTC, and migrate to @Chainlink CCIP as our official cross-chain infrastructure solution for $700M+ in tokenized BTC (SolvBTC & xSolvBTC). After recent industry events,
By migrating to CCIP, cross-chain transfers of Solv's tokenized BTC assets (Solvbtc & xSolvbtc) are becoming secured by decentralized-by-default infrastructure with 16 independent node operators per bridge lane. This migration reflects a broader industry shift: leading protocols
Four Major DeFi Protocols Migrate $3B+ TVL to Chainlink Infrastructure
In a significant industry shift, four leading DeFi protocols representing over $3 billion in combined Total Value Locked (TVL) have decommissioned their legacy oracle and bridge solutions in favor of Chainlink infrastructure. **Protocols Making the Switch:** - KelpDAO - migrating to Chainlink CCIP for enhanced cross-chain security of rsETH - SolvProtocol - moving tokenized Bitcoin infrastructure to Chainlink - Tydrohq - the largest lending protocol on Ink, transitioning to Chainlink Data Feeds This migration wave occurred within just four days, signaling growing confidence in Chainlink's infrastructure for critical DeFi operations. The move comes as protocols seek more robust security solutions, with some citing previous vulnerabilities in alternative systems.
🏗️ Bridgetower Tokenization Platform
Bridgetower has successfully transitioned from being an early Chainlink adopter to launching a **live production tokenization platform**. The platform tokenizes securities from an **$11 billion Arizona copper-gold asset** (DOM X project). **Key developments:** - Integration of the full Chainlink stack enables large-scale issuance and distribution of tokenized securities - Platform moves from pilot phase to actual production deployment - Represents a significant real-world application of blockchain infrastructure for traditional asset tokenization The case study demonstrates how enterprise adoption of oracle networks can facilitate the bridge between traditional finance and blockchain-based securities.
BridgeTower Tokenizes $11B in Gold and Copper Deposits Using Chainlink
**BridgeTower Capital has launched tokenized securities backed by over $11 billion in physical gold and copper deposits.** The tokenized assets represent: - 1.48 billion pounds of copper - 0.69 million ounces of gold The securities are powered by Chainlink's full-stack platform, which provides the infrastructure for issuing and distributing tokenized securities at scale. This represents a significant step in bringing real-world assets onchain through blockchain technology.
🔐 Solv Protocol Ditches LayerZero, Migrates $700M in Tokenized BTC to Chainlink CCIP
**Solv Protocol has fully migrated to Chainlink CCIP** as its official cross-chain infrastructure, moving over $700M in tokenized BTC assets (SolvBTC & xSolvBTC) away from LayerZero. **Key Details:** - Cross-chain transfers now secured by 16 independent node operators per bridge lane - Migration follows extensive security review citing CCIP's "secure-by-default architecture" - Legacy LayerZero bridges being deprecated - CCIP recognized by White House as critical infrastructure for digital assets **Why the Switch?** Solv cited recent industry events and determined CCIP provides stronger security assurances through native risk controls and proactive monitoring. The move signals a broader trend of protocols prioritizing institutional-grade security standards for cross-chain operations. [Full announcement](https://insights.solv.finance/solv-protocol-migrates-from-layerzero-to-chainlink-ccip/)