Lombard Finance Replaces LayerZero With Chainlink CCIP for $1 Billion of Bitcoin-Backed Assets
Lombard Finance said it is deprecating LayerZero and migrating to Chainlink CCIP as the exclusive cross-chain infrastructure for its Bitcoin-backed tokens LBTC and BTC.b after a comprehensive security review. The switch covers more than $1 billion of Bitcoin-backed assets, with CCIP replacing LayerZero across Solana, Etherlink, Berachain, Corn and TAC, while LayerZero on Morph and Swell will be fully deprecated.
The assets affected include more than $815 million of LBTC and more than $212 million of BTC.b. Lombard cited features including 16 independent nodes, built-in risk controls or native rate limits, and institutional certifications such as SOC 2 Type 2 and ISO 27001 in explaining the move.
From the sources (5 posts)
@chainlinkgodFLIGHT TO SAFETY CONTINUES 🕊️ Lombard is officially deprecating @LayerZero_Core and migrating to @Chainlink CCIP as its exclusive cross-chain infra for $1+ billion in Bitcoin-backed assets 🤝 Following a security review, @Lombard_Finance c
@chainlinkAfter an extensive security review, @Lombard_Finance deprecates its legacy solution & is migrating to Chainlink CCIP to secure $1B+ in Bitcoin assets. As Lombard’s exclusive cross-chain infra, CCIP is expanding the distribution of LBT
@chainlinkBy standardizing on Chainlink CCIP, Lombard is leveraging the highest level of cross-chain security backed by: • Defense-in-depth architecture • 16 independent nodes • Built-in risk controls • No vendor lock-In • Institutional certificatio
@cointelegraph🔥 UPDATE: Lombard Finance is replacing LayerZero with Chainlink CCIP for LBTC and BTC.b cross-chain infrastructure.
@chainlinkgodRT @Cointelegraph: 🔥 UPDATE: Lombard Finance is replacing LayerZero with Chainlink CCIP for LBTC and BTC.b cross-chain infrastructure. http…