Bitget has integrated Chainlink’s Proof of Reserve on Ethereum to strengthen transparency for its wrapped Bitcoin product, BGBTC. The move comes amid growing industry pressure for verifiable backing of tokenized assets.
The integration allows BGBTC holders to track reserves in real time through decentralized oracle networks that autonomously verify onchain balances. This ensures that BGBTC remains fully collateralized without the need for manual disclosures or delayed reporting. Bitget said the mechanism will enable users and institutions to independently audit backing at any time, addressing concerns around opaque reserve practices in digital asset markets.
The exchange added that BGBTC is increasingly being deployed in decentralized finance applications, particularly within BitVault Finance’s yield strategies and lending services. With Chainlink’s infrastructure, participants can engage in DeFi products with stronger assurance that the asset maintains its peg to Bitcoin.
Confidence you can verify ✅
Bitget integrates @chainlink Proof of Reserve to ensure every $BGBTC is verifiably backed, in real time, onchain.
Full details ????https://t.co/mwbK3Uu9z2 pic.twitter.com/kkpEpSn3NP
— Bitget (@bitgetglobal) August 20, 2025
“Transparency is essential in the digital asset industry,”
said Gracy Chen, CEO of Bitget.
“By adopting Chainlink’s Proof of Reserve, we’re giving users and institutional partners confidence that BGBTC is always verifiably backed.”
The partnership builds on Bitget’s existing security framework, which includes a Proof of Reserve reporting system and a dedicated Protection Fund. Together, these measures position the platform as one of the more security-focused exchanges at a time when trust remains a central issue in crypto trading.
Chainlink’s Proof of Reserve has been increasingly adopted across the industry as exchanges and custodians look to rebuild confidence following years of high-profile collapses. For Bitget, the move signals an effort to align with rising standards for real-time transparency while expanding the role of BGBTC in DeFi markets.
Meanwhile, Chainlink has expanded its footprint through a new partnership with Plexos Institute and EDinheiro to launch blockchain-based social currencies in Brazil. The initiative will debut in Indiaroba, Sergipe, with the rollout of the “Aratu” currency, aimed at promoting financial inclusion for underserved communities. The program highlights how blockchain infrastructure is increasingly being leveraged not only to safeguard digital assets on exchanges but also to drive real-world financial access.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
