BitGo Drops LayerZero for Chainlink CCIP on $7.7 Billion of WBTC

What happened

BitGo announced it is removing LayerZero as the bridge for its $7.7 billion worth of wrapped Bitcoin (WBTC) and will use Chainlink’s CCIP as the default bridge for all future issuances.

Confirmed

Global impact / market context

Switching to Chainlink’s CCIP may improve the security and reliability of WBTC transfers, reducing risk for investors and potentially boosting confidence in tokenized Bitcoin products.

Analyst inference

Chainlink’s Cross‑Chain Interoperability Protocol (CCIP) is gaining traction as a preferred bridge, while BitGo’s shift signals broader industry confidence in its security and scalability for large‑value assets.

Analyst inference

What to watch

1. Whether other custodians follow BitGo’s move to Chainlink, potentially increasing demand for CCIP services across the crypto ecosystem. Analyst inference
2. The impact on LayerZero’s revenue and its ability to retain high‑value bridge customers after losing BitGo’s $7.7 billion WBTC flow. Analyst inference
3. Regulatory scrutiny of cross‑chain bridges, which could affect the speed of adoption for both Chainlink and competing technologies. Analyst inference

Affected assets

• LINK — Chainlink
• BTC — Bitcoin

Evidence

• blockhead.co