TLDR
- Chainlink’s CCIP protocol now bridges Coinbase’s cbBTC from Base to the Monad blockchain
- Over $5 billion in Bitcoin-backed liquidity can now enter Monad’s DeFi ecosystem
- DeFi apps Curvance and Neverland are among the first to launch cbBTC markets on Monad
- Monad supports up to 10,000 transactions per second with sub-second finality
- Chainlink’s CCIP has already processed over $28 trillion in on-chain transaction value
Chainlink has enabled the transfer of Coinbase’s wrapped Bitcoin token, cbBTC, from the Base blockchain to Monad using its Cross-Chain Interoperability Protocol, known as CCIP.
JUST IN: Chainlink connects cbBTC to Monad DeFi.
With Chainlink CCIP as the exclusive bridging infrastructure for @Coinbase Wrapped Assets, @Monad users can now bridge cbBTC ($5B+ in circulation) through cross-chain transfers directly from @base. pic.twitter.com/JZDlv8NlQ7
— Chainlink (@chainlink) March 2, 2026
The move was announced on March 2, 2026. It opens up more than $5 billion worth of cbBTC to Monad’s decentralized finance ecosystem.
cbBTC is a wrapped Bitcoin token issued by Coinbase. It is backed 1:1 by real Bitcoin held in custody and was first launched in September 2024 on Ethereum and Base.
The token currently circulates across multiple networks, including Ethereum, Base, Solana, and Arbitrum. With this integration, Monad becomes one of the latest destinations for Bitcoin-backed assets.
Monad is an EVM-compatible layer-1 blockchain. It is built for high-throughput financial applications and supports up to 10,000 transactions per second with sub-second finality.
What This Means for DeFi on Monad
Users can now deploy cbBTC in lending pools, trading markets, and structured finance products on Monad. Early platforms include Curvance and Neverland, both launching markets built around the token.
Developers can also build Bitcoin-based derivatives, spot markets, and automated trading routes on the network. Monad’s fast settlement and low fees make it suited for these types of applications.
Johann Eid of Chainlink Labs said the system allows billions of dollars in cbBTC to move across networks with institutional-grade protection. Keone Hon of the Monad Foundation said the integration gives builders a strong asset to design around.
Chainlink’s CCIP uses multiple layers of decentralized validation to reduce cross-chain risks. The protocol has already supported over $28 trillion in on-chain transaction value since its launch.
William Reilly, head of strategic initiatives at Chainlink Labs, said the infrastructure moving Bitcoin-backed assets must match the scale of those assets as they grow into the tens of billions.
Bitcoin Yield Products Are Growing
Bitcoin does not natively generate yield because it uses a proof-of-work model. This has historically limited income options for Bitcoin holders on-chain.
New financial products are working to change that. Coinbase launched a Bitcoin Yield Fund in 2025 targeting 4% to 8% annual returns for institutional investors outside the US.
Kraken also introduced a Bitcoin staking product through Babylon Labs, allowing users to lock BTC to help secure proof-of-stake networks. Telegram’s TON Wallet added Bitcoin yield vaults in late February 2026.
cbBTC is already used across several lending and yield platforms. Some platforms offer returns of up to 3% on cbBTC deposits.
The Monad integration is the latest step in expanding where Bitcoin-backed assets can be used across decentralized finance.
