Home Lombard Finance Moves $1B Bitcoin Assets To Chainlink

Lombard Finance Moves $1B Bitcoin Assets To Chainlink

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Lombard Finance Moves $1B Bitcoin Assets To Chainlink
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Bitcoin DeFi platform Lombard Finance is migrating more than one billion dollars worth of Bitcoin-linked assets away from LayerZero infrastructure and onto Chainlink’s interoperability network.

The migration impacts Lombard assets operating across Ethereum, Solana and Berachain ecosystems. The company said the decision followed a broader review of security architecture after industry concerns increased around bridge vulnerabilities and cross-chain risks.

The move comes shortly after Kraken selected Chainlink infrastructure for its wrapped Bitcoin product, adding further momentum to Chainlink’s Cross-Chain Interoperability Protocol.

Lombard said Chainlink offers stronger security controls and additional verification systems for transaction validation.

The company also plans to adopt Chainlink’s token standard for cross-chain minting and transfers.

The shift highlights how security concerns are increasingly influencing infrastructure choices across the crypto industry, especially for projects managing large pools of Bitcoin-based assets.

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