- Chainlink’s CCIP now powers Saturn, a protocol that enables investors outside the US to purchase Strategy’s Bitcoin-funding STRC stock.
- Saturn says it selected CCIP as it’s secure by default, has built-in controls, and adheres to institutional security standards.
Chainlink has become the blockchain technology that allows investors outside the US to invest in Strategy’s STRC, anchoring Michael Saylor’s bullish Bitcoin bet.
The oracle network announced that Saturn, a stablecoin financial protocol, had selected CCIP to power its onchain digital credit products.
NEW: @Strategy's $STRC digital credit is now onchain powered by @saturn_credit & Chainlink.
With USDat & sUSDat deposits exceeding $220M within 6 weeks, Saturn adopted Chainlink CCIP as its official cross-chain infra to unlock distribution for STRC. pic.twitter.com/GZKtC8gJVl
— Chainlink (@chainlink) May 29, 2026
Saturn is built around STRC, Strategy’s variable rate perpetual stretch preferred stock. Essentially, it’s a new type of stock that Strategy began issuing last July at around $100 per share, with the proceeds used to purchase Bitcoin. Since then, the company has raised $8.5 billion and is the vital cog powering Saylor’s BTC bet.
The challenge with STRC is that it’s primarily available to American investors and can only be accessed via a US brokerage account.
Saturn is breaking this barrier. The company issues a stablecoin known as USDat, which is backed by US Treasury bills. It then mints sUSDat, a token that is backed by STRC. Investors purchase sUSDat as a tokenized representation of STRC, with Saturn buying the actual STRC and holding it, and then distributing the interest paid by Strategy to the sUSDat holders. This enables the $500 million stablecoin holders located outside the US to invest in STRC, earn up to 11.5% interest, and play a vital role in the BTC market, where Strategy is now a major anchor.
Chainlink’s CCIP Powering Saylor’s Bitcoin Bet
In its announcement, Saturn said it had picked Chainlink’s CCIP over other cross-chain solutions for three main reasons: secure-by-default infrastructure, institutional security standards and built-in risk controls.
It echoes over a dozen other protocols that have cited similar reasons for migrating to Chainlink. The security-by-default feature has especially received a lot of praise after the LayerZero breach that cost KelpDAO $300 million. With LayerZero, the clients are in charge of their own security setups, and most do not implement the standards correctly. When attackers strike, these vulnerabilities become easier to exploit. CCIP does not take such chances, sacrificing convenience for security.
Saturn all but specifically called out LayerZero in its announcement, noting that it had decided against cross-chain solutions that “outsource all configuration to issuers.”
Ellis Osborn, the Saturn co-founder, stated:
“Following a rigorous security review of all cross-chain solutions, it became clear that only Chainlink CCIP provides the secure-by-default infrastructure required to unlock the onchain distribution of Strategy’s STRC. Chainlink CCIP is the gold standard in cross-chain bridging infrastructure, enabling us to scale the Bitcoin-backed digital credit ecosystem with absolute confidence and provide institutions the security assurances they demand.”
Saturn joins others like Tenbin, Lombard, Kraken, Solv Protocol and India’s $62 billion credit institution Vayana in choosing Chainlink’s CCIP. One of the most recent to switch was Turtle Protocol, which announced that it was migrating its $5.5 billion DeFi protocol from LayerZero.
