BitGo will make Chainlink's Cross-Chain Interoperability Protocol the exclusive cross-chain infrastructure for Wrapped Bitcoin, the custodian said on Aug. 4, taking what it describes as more than $7.7 billion of the token off the provider it selected in 2024. All future BitGo-issued assets will use CCIP by default.
WBTC is the largest asset to leave LayerZero since the $292 million Kelp DAO exploit in April, and the framing makes the reason explicit: verifier configuration is now something a regulated issuer defends to clients rather than an implementation detail. BitGo opened its post on X with "Security comes first. Always has."
BitGo calls WBTC the largest omnichain fungible token by market capitalization, at more than $7.7 billion. OFT is LayerZero's token standard. Neither BitGo's blog post nor its X post names LayerZero, referring throughout to a "legacy solution." DefiLlama puts WBTC's value at $7.29 billion; CoinGecko puts circulating supply at 116,132 WBTC and market capitalization at $7.42 billion.
"BitGo has long been built around a simple principle: security comes first," said Mike Belshe, chief executive and co-founder of BitGo. "As we expand support for BitGo-issued assets across more chains, Chainlink CCIP gives us a proven, institutionally adopted interoperability standard that aligns with the controls, reliability, and risk management our clients expect from BitGo."
