TLDR
- Chainlink deploys CCIP technology to bridge cbBTC from Base network to Monad
- More than $5 billion in Bitcoin-backed assets now accessible on Monad’s platform
- Platforms like Curvance and Neverland are launching initial cbBTC-powered markets
- Monad processes as many as 10,000 transactions every second with near-instant finality
- CCIP from Chainlink has facilitated over $28 trillion in blockchain transactions
Through its Cross-Chain Interoperability Protocol (CCIP), Chainlink has facilitated the movement of cbBTC, Coinbase‘s wrapped Bitcoin asset, from Base to the Monad network.
This development was revealed on March 2, 2026, bringing access to over $5 billion in cbBTC value to applications running on Monad’s decentralized finance infrastructure.
Coinbase launched cbBTC as a tokenized representation of Bitcoin with full 1:1 backing through custodied BTC reserves. The asset debuted in September 2024 on both Ethereum and Base networks.
Today, cbBTC exists on several blockchain platforms including Ethereum, Base, Solana, and Arbitrum. This new integration adds Monad to the growing list of networks supporting Bitcoin-wrapped tokens.
As an EVM-compatible layer-1 platform, Monad specializes in high-performance financial infrastructure, capable of processing up to 10,000 transactions per second while maintaining sub-second transaction finality.
What This Means for DeFi on Monad
With cbBTC now available on Monad, users gain the ability to utilize the asset in lending protocols, decentralized exchanges, and advanced financial products. Curvance and Neverland represent the first wave of platforms introducing cbBTC-focused markets.
Developers now have the foundation to create Bitcoin-linked derivative instruments, spot exchange markets, and algorithmic trading strategies on Monad. The network’s rapid settlement times and minimal transaction costs create an ideal environment for such applications.
According to Johann Eid from Chainlink Labs, this infrastructure enables the secure movement of billions in cbBTC value across different blockchains with enterprise-level security. Keone Hon from the Monad Foundation emphasized that this integration provides developers with a robust foundation asset for building innovative products.
Chainlink’s CCIP employs multi-layered decentralized verification systems designed to minimize cross-chain security vulnerabilities. Since going live, the protocol has processed more than $28 trillion in total on-chain transaction volume.
William Reilly, who leads strategic initiatives at Chainlink Labs, emphasized that as Bitcoin-backed assets scale into the tens of billions, the underlying infrastructure must be equipped to handle that magnitude.
Bitcoin Yield Products Are Growing
Traditional Bitcoin holdings don’t generate passive income due to the network’s proof-of-work consensus mechanism. This characteristic has historically restricted yield-generation opportunities for BTC holders in decentralized systems.
Emerging financial instruments are addressing this limitation. In 2025, Coinbase unveiled a Bitcoin Yield Fund designed to deliver 4% to 8% yearly returns for institutional clients located outside the United States.
Kraken followed suit by rolling out a Bitcoin staking offering via Babylon Labs, enabling users to lock their BTC holdings to support proof-of-stake blockchain security. In late February 2026, Telegram’s TON Wallet introduced Bitcoin yield-generating vaults.
cbBTC has already gained traction across multiple lending and yield-generation platforms. Certain protocols currently provide returns reaching up to 3% on cbBTC holdings.
The connection to Monad represents another significant milestone in broadening the utility and reach of Bitcoin-backed digital assets throughout the decentralized finance landscape.
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