Bitgo Migrates WBTC Infrastructure to Chainlink CCIP Amid Security Push

Bitgo, a leading crypto infrastructure firm, has announced that it will be shifting its Wrapped Bitcoin (WBTC) infrastructure to Chainlink's Cross-Chain Interoperability Protocol (CCIP). This move aims to enhance security and compliance for the $7.7 billion token.

The decision marks a significant change in how WBTC will move across blockchain networks, with Chainlink replacing Layerzero as Bitgo's exclusive cross-chain provider. According to the company, standardizing WBTC on CCIP will provide a consistent security model and allow for easier management of transfers and operational policies through a single infrastructure platform.

Bitgo cited several factors behind its decision, including Chainlink's security architecture, institutional compliance standards, and built-in risk controls. The protocol supports issuer-controlled transfer limits and configurable transaction controls, which can function as automated safeguards by slowing or restricting transfers if suspicious activity is detected.