Lombard is migrating more than $1 billion in Bitcoin-backed assets to Chainlink’s Cross Chain Interoperability Protocol, or CCIP. The move comes after DeFi protocols reevaluated cross-chain security following an exploit at Kelp DAO in April.
Following a comprehensive internal security review, Lombard said it will fully migrate LBTC and BTC.b to CCIP as its exclusive cross-chain infrastructure. These assets are backed by Bitcoin and are used to bring liquidity into decentralized finance.
CCIP will replace LayerZero across Solana, Etherlink, Berachain, Corn, and TAC. Lombard will also fully phase out LayerZero usage on Morph and Swell. The migration follows a broader trend, with about $4 billion in assets moving to Chainlink’s bridge amid heightened scrutiny of cross-chain messaging systems.
Lombard cited CCIP’s defense-in-depth architecture, decentralized oracle networks, and institutional certifications as key factors behind the decision. Each bridge lane is secured by at least 16 independent node operators. As part of the shift, Lombard is adopting Chainlink’s Cross Chain Token standard, using a burn-and-mint model to support a single canonical token across chains.
Jacob Phillips, co-founder of Lombard, said the protocol’s internal reviews showed that Chainlink CCIP provides the highest level of cross-chain security in the industry. Johann Eid, chief business officer at Chainlink Labs, called the migration a key step toward a standardized foundation for Bitcoin-backed assets.