The shift began after the $292 million Kelp bridge exploit earlier in the year, which increased scrutiny of LayerZero-powered bridge configurations. Kelp later announced it would migrate more than $1.5 billion in assets to Chainlink CCIP.
Since then, Solv Protocol migrated $700 million in tokenized bitcoin, Re moved $475 million, Kraken transferred $330 million in wrapped assets, Lombard migrated more than $1 billion, Virtuals Protocol moved $700 million and Yuzu Money transferred $54.5 million.
Mantle said its Super Portal will be suspended during the migration, which is scheduled to take place between July 9 and July 15. Existing $MNT on Ethereum and Solana, along with $MNT activity on Byreal and Bybit, will remain unaffected.
“As tokenized financial assets move from concept to scale, the infrastructure that carries them across chains cannot be an afterthought,” Emily Bao, a key advisor at Mantle, said in a statement.
Under the new setup, Chainlink CCIP will secure $MNT transfers using its decentralized oracle network. Mantle said the migration also gives it direct control over token pools and transfer settings under the CCT standard as it expands $MNT to additional blockchain networks and tokenized asset markets.
