BitGo has named Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive cross-chain infrastructure for Wrapped Bitcoin (WBTC), effective August 4. The decision moves the $7.7 billion token away from the cross-chain provider BitGo selected in 2024. All future BitGo-issued assets will also run on CCIP.
Why BitGo switched
BitGo originally picked a different cross-chain provider for WBTC back in 2024. That arrangement is now over. By switching to Chainlink CCIP, BitGo is betting on a protocol that's been gaining traction across DeFi for its security and reliability. The WBTC token alone represents more than $7.7 billion in value, making the choice a significant endorsement of CCIP's architecture.
What CCIP brings
Chainlink's CCIP is designed to let tokens move securely between different blockchains. For WBTC, that means Bitcoin holders can use their BTC on Ethereum and other chains without trusting a single intermediary. BitGo's move suggests the firm values CCIP's decentralized oracle network and its track record of handling high-value transfers without incident.
Future assets on CCIP
BitGo didn't stop at WBTC. The company said all future BitGo-issued assets will also use Chainlink CCIP as their cross-chain infrastructure. That locks in a long-term relationship between the two firms and gives Chainlink a steady pipeline of new tokens to support. It also means any new wrapped asset BitGo launches will inherit the same cross-chain setup from day one.
The transition is effective immediately. BitGo hasn't disclosed a timeline for migrating existing WBTC liquidity, but the announcement makes clear that CCIP is now the sole cross-chain provider for the token.
