FinanceBitGo's Shift to Chainlink Brings LayerZero-to-Chainlink Migrations Close to $15 Billion

A series of migrations follows the $292 million Kelp bridge exploit, with LayerZero-to-Chainlink transitions now amounting to $14.5 billion.

By Francisco Rodrigues|Edited by Jamie Crawley Aug 4, 2026, 1:00 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on BitGo at NYSE. (X/Matt Ballensweig)SummaryShow
  • BitGo is transitioning to Chainlink's CCIP as the sole cross-chain provider for $7.3 billion of WBTC.
  • Following a $292 million exploit of the Kelp bridge, announced LayerZero-to-Chainlink transitions have now reached $14.5 billion.
  • The firm will adopt CCIP for future assets while maintaining oversight of token contracts, rate limits, and transfer settings.

BitGo (BTGO), a prominent player in crypto infrastructure, is poised to switch from LayerZero to Chainlink as the exclusive provider for wrapping bitcoin (WBTC) across chains. This change elevates the total value of announced migrations from LayerZero to Chainlink to nearly $15 billion.

This transition is part of a broader migration trend that emerged after the Kelp DAO's LayerZero-based bridge was exploited for $292 million earlier this year, which led to heightened scrutiny of LayerZero's bridge configurations. Other projects, such as Mantle, Kelp, Lombard, Solv Protocol, Virtuals, Re, and Kraken, have also announced their migrations to Chainlink's CCIP since then.

WBTC serves as a tokenized version of bitcoin designed to mirror its value. Unlike traditional bitcoin, it is compatible with decentralized finance applications on various blockchains for trading, lending, and collateral.

The current market cap of WBTC is approximately $7.4 billion, as reported by CoinMarketCap. When combined with the earlier migration announcements totaling $7.24 billion, the overall funds migrating their cross-chain infrastructure to CCIP amount to around $14.6 billion.

BitGo plans to standardize WBTC deployments using Chainlink’s Cross-Chain Token standard and will utilize CCIP by default for any future asset issuances.

This arrangement enables BitGo to retain control over its token contracts while setting rate limits and other parameters that govern blockchain transfers.

Initially, BitGo selected LayerZero in 2024 to facilitate the expansion of WBTC across different blockchains, starting with deployments on Avalanche and BNB Chain. This setup necessitated BitGo's own verifier, along with either LayerZero or Polyhedra, to authorize each cross-chain transfer.

Chainlink’s directory already includes CCIP-enabled WBTC pools on both Ethereum and Ronin. However, the announcement did not provide a timeline for the completion of the wider migration.

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