Bitget has laid out the infrastructure behind BGBTC, its yield-bearing Bitcoin-backed token, detailing a set of partnerships designed to let holders put bitcoin to work across multiple chains without giving up the ability to move it.
The exchange said BGBTC relies on Morpho and Gauntlet for yield and risk infrastructure, Chainlink's Cross-Chain Interoperability Protocol (CCIP) for secure cross-chain messaging, and MorphNetwork for distribution. Bitget also pointed to proof-of-reserves (PoR) support underpinning the token, which it said is meant to keep cross-chain distribution transparent and verifiable.
PoolX Adds a UNI Incentive
Alongside the infrastructure rollout, Bitget opened a PoolX pool for BGBTC, inviting users to lock the token in exchange for a share of a 5,500 UNI airdrop. The pool ties a direct token incentive to adoption of BGBTC, giving early holders a reason to lock rather than simply hold the asset.
Positioning BGBTC as a Flexible Yield Product
Bitget has framed BGBTC as a way to make bitcoin holdings more productive — generating yield through the underlying Morpho and Gauntlet infrastructure — while still preserving flexibility for holders who may want to use the token elsewhere across chains, rather than locking bitcoin into a single yield venue with no exit path.
The exchange's emphasis on named infrastructure partners, including Chainlink's CCIP for cross-chain transfers, signals an attempt to give BGBTC credibility as more than a wrapped-token product, leaning on established DeFi risk and interoperability providers rather than building the stack entirely in-house.
