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

Bitget announced a comprehensive upgrade to its BGBTC, adding daily coin-based earnings, large-scale rapid redemption, and institutional-level risk management. This upgrade also introduces an independent Curator mechanism, with the DeFi risk management agency Gauntlet responsible for supervising the underlying earnings strategy and risk management, adding independent strategy reviews beyond asset custody to strengthen portfolio monitoring, risk control, and long-term earnings sustainability. Currently, BGBTC supports the deployment of earnings strategies on the Morph chain, further expanding multi-chain earnings channels and application scenarios.

At the infrastructure level, Bitget uses Chainlink CCIP as the official cross-chain solution for BGBTC and continues the Chainlink Proof of Reserve program, providing real-time transparency and verifiable reserve guarantees for its 1:1 pegged Bitcoin. The upgraded BGBTC can still be used for contract margins, loan collateral, and participation in Launchpool and PoolX while obtaining earnings, further enhancing capital efficiency while retaining asset liquidity.