Bitget upgrades BGBTC, introducing Gauntlet institutional-grade risk control and Chainlink CCIP

Odaily News, Bitget has announced a comprehensive upgrade to its BGBTC, adding daily coin-based yields, large-amount fast redemptions, and institutional-grade risk management. The upgrade also introduces an independent Curator mechanism, with DeFi risk management firm Gauntlet overseeing the supervision and risk management of the underlying yield strategy, adding independent strategy review on top of asset custody to strengthen portfolio monitoring, risk control, and long-term yield sustainability. BGBTC now supports deploying yield strategies on the Morph chain, further expanding multi-chain yield channels and use cases.

At the infrastructure level, Bitget has adopted Chainlink CCIP as the official cross-chain solution for BGBTC, while continuing the Chainlink Proof of Reserve solution to provide real-time transparency and verifiable reserve guarantees for its 1:1 Bitcoin pegging. The upgraded BGBTC can still be used as contract margin, collateral for borrowing, and for participating in Launchpool and PoolX while generating yields, further improving capital efficiency while maintaining asset liquidity.