Solv migrates the infra behind more than $700M in tokenized BTC, covering SolvBTC and xSolvBTC, from LayerZero to Chainlink's CCIP, following a broader internal security review of cross-chain systems.

The migration will be executed in phases to minimize disruption for users holding tokenized positions across affected chains.

Solv, backed by Binance Labs, Blockchain Capital, and OKX Ventures, manages over $2.8B in total assets & describes itself as the operating layer for Bitcoin, connecting BT capital to DeFi, CeFi, and TradFi.