TLDR
- CCIP from Chainlink enables cbBTC transfers from Base to Monad’s blockchain infrastructure
- More than $5 billion in Bitcoin-backed assets become available for Monad’s DeFi protocols
- Curvance and Neverland lead the launch of cbBTC-powered markets on Monad
- Monad delivers 10,000 transactions per second with finality under one second
- CCIP from Chainlink has facilitated over $28 trillion in verified on-chain transactions
The Cross-Chain Interoperability Protocol from Chainlink now facilitates the movement of cbBTC, Coinbase‘s wrapped Bitcoin token, between Base and the Monad blockchain.
This integration went live on March 2, 2026, providing Monad’s decentralized finance platforms with access to over $5 billion in Bitcoin-backed value.
Coinbase issued cbBTC as a wrapped Bitcoin token with full 1:1 backing through custodied Bitcoin reserves. The token debuted in September 2024 on both Ethereum and Base networks.
The asset has expanded to various blockchain ecosystems, including Ethereum, Base, Solana, and Arbitrum. Monad joins this growing list of networks supporting Bitcoin-wrapped assets.
As an EVM-compatible layer-1 blockchain, Monad specializes in high-performance financial applications, processing up to 10,000 transactions per second while maintaining sub-second finality.
What This Means for DeFi on Monad
The integration allows cbBTC deployment across lending protocols, exchange platforms, and structured financial instruments on Monad. Curvance and Neverland have pioneered the launch of markets utilizing this token.
Builders can create Bitcoin-denominated derivatives, spot trading venues, and algorithmic trading systems on the platform. Monad’s rapid settlement times and minimal transaction costs provide ideal conditions for these applications.
Johann Eid from Chainlink Labs highlighted how the system enables multi-billion dollar cbBTC flows between chains while maintaining institutional-level security standards. Keone Hon from the Monad Foundation emphasized how the integration provides developers with a robust foundation asset for building applications.
Chainlink’s CCIP employs multi-layered decentralized verification systems to minimize cross-chain security vulnerabilities. The protocol has processed more than $28 trillion in verified on-chain transaction volume since deployment.
William Reilly, who leads strategic initiatives at Chainlink Labs, emphasized the need for infrastructure capable of handling Bitcoin-backed assets as they scale into the tens of billions in value.
Bitcoin Yield Products Are Growing
Bitcoin’s proof-of-work consensus mechanism means the asset generates no native yield. This characteristic has traditionally restricted income-generating opportunities for Bitcoin holders within blockchain ecosystems.
Emerging financial instruments address this limitation. Coinbase unveiled a Bitcoin Yield Fund in 2025, designed to deliver 4% to 8% annual returns for institutional clients outside the United States.
Kraken launched a Bitcoin staking service powered by Babylon Labs, enabling users to commit BTC for securing proof-of-stake blockchain networks. Telegram’s TON Wallet added Bitcoin yield vault functionality in late February 2026.
cbBTC already functions across multiple lending and yield-generation platforms. Certain protocols provide yields approaching 3% on cbBTC deposits.
The Monad connection represents another milestone in broadening the utility of Bitcoin-backed assets throughout the decentralized finance landscape.
