BitGo
BitGo business and news from across the web.
Latest coverage
WBTC’s $7.7B move: BitGo drops LayerZero, makes Chainlink CCIP its sole bridge
BitGo is migrating over $7.7 billion of Wrapped Bitcoin (WBTC) to Chainlink's Cross-Chain Interoperability Protocol (CCIP), designating it as its sole cross-chain infrastructure provider. This move signifies a departure from LayerZero, the previous provider, and follows a significant exploit of a LayerZero bridge in April. BitGo cited institutional security requirements as the primary reason for choosing CCIP.
Sui Launches Hashi Testnet, Bringing Bitcoin-Backed Lending Closer to Mainnet
Sui has launched its Hashi testnet, enabling developers and institutions to trial Bitcoin-backed lending applications before the mainnet release. This system allows native Bitcoin to be used as collateral on the Sui network without leaving the Bitcoin blockchain, governed by smart contracts and secured by a new Guardian Layer for enhanced safety. Over 25 partners, including major custody and trading firms, are testing the infrastructure, with legal analysis suggesting deposits and redemptions may not be taxable events in the U.S.
