TL;DR
- Chainlink integrates Coinbase’s cbBTC into Monad via CCIP for seamless cross-chain transfer.
- This connection unlocks over $5 billion in Bitcoin liquidity for Monad’s DeFi ecosystem.
- Monad developers can now build Bitcoin-backed lending and borrowing applications.
Chainlink connected Coinbase’s wrapped Bitcoin token, cbBTC, to the Monad blockchain on March 2, 2026, giving decentralized finance applications on the network direct access to one of the most liquid Bitcoin-backed assets in circulation. The integration moves over $5 billion in cbBTC supply into a high-performance environment built for fast, low-cost financial activity.
The technical backbone of the connection runs through Chainlink’s Cross-Chain Interoperability Protocol, known as CCIP, which serves as the exclusive bridging infrastructure for Coinbase’s wrapped assets.
Users can now transfer cbBTC directly from the Base network — Coinbase’s own layer-2 blockchain — into Monad without going through third-party bridges or intermediaries. Each cbBTC token maintains a 1:1 backing with actual Bitcoin, so the asset that arrives on Monad carries the same value guarantee as the one that left Base.
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
Monad positions itself as a high-speed EVM-compatible blockchain, meaning it runs the same smart contract code that Ethereum supports but processes transactions faster and at lower cost. The arrival of cbBTC gives developers on the network a Bitcoin-denominated asset to build with, which opens a category of financial products that previously required users to leave the network entirely.
Bitcoin Lending, Spot Liquidity, and Structured Products Now Live on Monad
The practical applications of the integration span several areas of decentralized finance. Lending and borrowing protocols can now accept cbBTC as collateral, letting holders access liquidity against their Bitcoin-backed position without selling it. Spot trading pairs gain depth with a hard-asset base, and developers can construct Bitcoin-denominated vaults and derivatives directly on the network.
Two projects already operating within Monad — Curvance and Neverland — have moved ahead with cbBTC markets, making them among the first to put the newly available liquidity to work.
The executives involved in the integration spoke directly to the security requirements that come with moving billions in value across chains. Johann Eid, Chief Business Officer at Chainlink Labs, stated that the protocol maintains institutional-grade security standards as cbBTC crosses into Monad, noting the importance of meeting those standards when managing cross-chain flows at scale.
Josh Leavitt, Senior Director of Product Management at Coinbase, described the combination of a top-tier wrapped asset and a high-performance blockchain as a meaningful expansion of cbBTC’s reach.
Keone Hon, co-founder of the Monad Foundation, pointed to the developer opportunity. Builders on Monad can now construct Bitcoin-backed applications without sacrificing the speed the network offers or relying on external infrastructure to source the asset.
The timing of the integration lands during a period when Bitcoin-backed assets have gained traction as collateral across DeFi. As Bitcoin’s price commands attention amid geopolitical uncertainty, the appetite for financial products that offer Bitcoin exposure without requiring users to hold the native asset directly has grown among both retail and institutional participants.
Bringing $5 billion in cbBTC supply within reach of Monad’s application layer adds a concrete new venue for deploying that capital, and Chainlink’s CCIP provides the security layer needed for institutions to take the move seriously.
