Morph has integrated Chainlink's (LINK) Cross-Chain Interoperability Protocol as the sole mechanism for issuing and transferring Bitget Token (BGB) across chains, the layer-2 network announced on Wednesday.
The integration makes CCIP the exclusive pathway for all cross-chain BGB movement, a deliberate constraint that Morph believes will appeal to institutional players seeking predictable infrastructure over multiple fragmented options.
Why It Matters
Cross-chain bridges have historically been a major vulnerability in crypto, with exploits draining billions from the ecosystem.
By consolidating BGB transfers under a single framework, Morph is attempting to offer enterprises one audit surface and consistent behaviour across chains.
Gracy Chen, CEO of Bitget, said the goal is to make interoperability a default standard rather than a recurring problem for developers. Whether institutions share that view remains untested.
Also Read: The Brutal Truth About Winning In Solana's Token Casino
Supply Migration Underway
The integration accompanies a broader shift in BGB's structure.
Morph says over 50% of circulating supply will migrate to the network, with more than half of the original 2 billion tokens already permanently burned.
The Morph Foundation holds 220 million BGB.
The concentration positions BGB as Morph's gas and settlement token but raises unanswered questions about decentralization.
What's Next
Morph said an upcoming upgrade called Emerald will extend the architecture, introducing new token standards that use CCIP-secured BGB as a template for institutional token issuance.
The company claims partnerships with payment providers and fintech platforms are in progress, though no names were disclosed.
Read Next: The Crypto Millionaire Who Just Bought One Of London's Most Expensive Homes