Bitget Upgrades BGBTC, Introduces Gauntlet Institutional-Grade Risk Management and Chainlink CCIP

TechFlow reports that on July 31, Bitget announced a comprehensive upgrade to its BGBTC, adding daily coin-denominated yields, large-amount quick redemptions, and institutional-grade risk management. This upgrade also introduces an independent Curator mechanism, with DeFi risk management firm Gauntlet responsible for oversight and risk management of underlying yield strategies, adding independent strategy review beyond asset custody to strengthen portfolio monitoring, risk control, and long-term yield sustainability. Currently, BGBTC supports deploying yield strategies on the Morph chain, further expanding multi-chain yield channels and application scenarios.

At the infrastructure level, Bitget adopts Chainlink CCIP as the official cross-chain solution for BGBTC, and continues the Chainlink Proof of Reserve (Proof of Reserve) solution, providing real-time transparency and verifiable reserve assurance for its 1:1 pegged Bitcoin. The upgraded BGBTC, while earning yields, can still be used for contract margin, lending collateral, and participating in Launchpool and PoolX, further enhancing capital efficiency while retaining asset liquidity.