BitGo Migrates Billions in WBTC to Chainlink's Secure Cross-Chain Infrastructure

Chainlink has strengthened 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.

The total value of publicly announced migrations from LayerZero to CCIP now stands at roughly $14.6 billion, following BitGo's migration.

According to Sergey Nazarov, co-founder of Chainlink, the network's growth is being driven by three factors: security, reliability, and connectivity.

Nazarov added that BitGo's migration reflects increasing demand for secure cross-chain infrastructure, expecting similar adoption across other tokenized assets in the future.