Kraken to migrate kBTC to Chainlink CCIP as cross-chain security takes priority

Kraken said on X that it plans to move kBTC and future wrapped assets onto Chainlink's CCIP, highlighting a push for more security-focused cross-chain settlement infrastructure. The kBTC ecosystem holds about $330 million across DeFi channels, while Chainlink's infrastructure secures more than $33 billion across connected networks. The shift also raises concerns that heavier reliance on a small set of providers could increase concentration and systemic risk.