Global, August 3, 2026 — Bitget, the world’s largest Universal Exchange (UEX), has announced a major upgrade to BGBTC, its official yield-bearing Bitcoin asset, introducing daily BTC-denominated rewards, large-volume fast redemption, institutional-grade risk oversight, and enhanced transparency. Bitget also adopted Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its canonical cross-chain infrastructure to unlock secure multi-chain distribution, building upon its existing use of Chainlink Proof of Reserve.
For much of Bitcoin’s history, investors have faced a simple choice of holding BTC as a long-term asset or deploying it into separate yield strategies that often require sacrificing liquidity or taking on additional complexity. The upgrade reflects a broader shift in how Bitcoin holders are managing their assets as demand grows for solutions that combine long-term ownership with capital efficiency. As digital asset markets mature, users increasingly expect their core holdings to remain productive while continuing to serve multiple purposes across trading, investing, and portfolio management.
BGBTC was developed to address that shift. Fully backed 1:1 by Bitcoin, the upgraded asset allows users to earn daily BTC-native rewards while maintaining access to a growing range of use cases across the Bitget ecosystem. In addition to spot exposure, BGBTC can be used as futures margin, lending collateral, and for participation in Launchpool and PoolX, allowing users to generate yield without removing Bitcoin from active use.
“Bitcoin has become one of the world’s most important financial assets, but much of it still sits idle,” said Gracy Chen, CEO of Bitget. “The next stage isn’t simply holding Bitcoin, it’s making it productive. We see capital efficiency becoming one of the defining themes of digital asset markets, and BGBTC is designed to help users generate value from their BTC while allowing it the flexibility to put it to work across multiple financial activities.”
The upgrade also introduces Bitget’s independent Curator framework, adding a new layer of institutional-grade oversight to BGBTC’s underlying yield strategies. The Curator is Gauntlet, a leading vault curator and quantitative risk management firm known for its work across decentralized finance. The framework separates strategy oversight from asset custody while strengthening portfolio monitoring, risk management, and long-term yield sustainability.
The launch builds on Bitget’s broader strategy of improving capital efficiency across digital assets. Following the introduction of products such as USDGO Holderyield, Bitget continues expanding an ecosystem where users can generate value from their core holdings while maintaining access to trading, lending, and other financial opportunities. Through partnerships with infrastructure providers including Morph and Chainlink, BGBTC also forms part of Bitget’s long-term vision of connecting centralized and decentralized finance through a unified Bitcoin yield network.
As Bitcoin adoption continues to mature, Bitget believes the conversation is shifting from simply owning digital assets to making them more productive. The BGBTC upgrade represents another step toward building infrastructure where Bitcoin can generate yield, remain liquid, and support a wider range of financial use cases without compromising simplicity or security.
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About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
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Source: Bitget
The above article “Bitget Taps Chainlink to Enable Daily Bitcoin Yield for Users” was first published on AlexaBlockchain. Read the complete article here: https://alexablockchain.com/bitget-taps-chainlink-to-enable-daily-bitcoin-yield-for-users/
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