Bitget to Transfer 440M BGB to Morph Foundation, Making It a Gas Token Of Morph

• Bitget will transfer all BGB tokens that it controls, 440 million in total, to the Morph Foundation, with 220 million burned immediately and the remaining 220 million locked with gradual release to support ecosystem growth.
• The Morph Foundation will oversee BGB as the gas and governance token of Morph. It will power payments and utility across the layer.
• Bitget and Bitget Wallets 120 million users will gain direct access to the innovative decentralized protocols built on Morph.
• Major technical upgrades to Morphs infrastructure will deliver higher performance and lower fees. It will also prepare the layer to scale as a top settlement platform for payments and onchain consumer finance.

SEYCHELLES, September 2, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, is excited to share its strategic collaboration with its trusted ecosystem project Morph, the EVM layer for payments and onchain consumer finance. The duo has signed up to boost BGBs utility across a multitude of projects.

With this partnership, Bitget will transfer all BGB tokens that it controls, 440 million in total, to the Morph Foundation. It will burn half of this allocation, 220 million BGB, in a single action. The remaining 220 million BGB tokens will be locked and released at 2% per month. Those released tokens will fund liquidity incentives, use case expansion, and education.

Morph will become the native onchain home of BGB. It will serve as the core settlement layer for more than 120 million users worldwide. BGB will be the gas and governance token of an improved high-performance network.

Building the Standard for Onchain Payments

The Morph chain will maintain its brand, team, and strategic direction. It will stay focused on its positioning as a Layer 2 dedicated to crypto payments. This network will keep striving to become the next-generation Web3 payment infrastructure. Thus, it could advance beyond cost efficiency and performance toward real-world consumer finance at scale. It can integrate across wallets, DeFi, stablecoins, and global payment providers.

said Gracy Chen, CEO of Bitget.

Expanding BGB with Morph

BGB will become the primary token of Morphs blockchain, serving as the gas, governance, and payment token across the layer. Settlement and PayFi activity will run through BGB alongside stablecoins, giving it a central role in powering the Morph network.

Meanwhile, BGB will continue to collaborate with existing partners, including Bitget, MEXC, and Bitfinex, where BGB is already listed, and others beyond these exchanges, serving as a key medium for Launchpools new token mining, fee discounts, and more.

Moving forward, The Morph Foundation, a decentralized non-profit organisation, will be solely responsible for BGB‘s long-term development roadmap. It will co-build the ecosystem with the community. It will also update BGB’s burn mechanism. That will link directly to the Morph network until the total supply reduces to 100 million.

Colin Goltra, CEO of Morph, added.

Growing Decentralized Ecosystem at Scale

To support the long-term prosperity of Morph, Bitget and Bitget Wallet will bring their full infrastructures directly into Morph. It will consolidate payment, trading, and ecosystem services around the chain. This includes native support for stablecoin issuers, regional currencies, and global payment providers. It would give developers and merchants an unmatched foundation to build decentralized payment-focused applications at scale.

Morph Rails will serve as the backbone of this expansion, powering hackathons, builder programs, and direct support for new projects. Developers building on Morph will gain access to Bitget‘s and Bitget Wallet’s base of more than 120 million users. They can connect their applications with one of the largest onchain audiences in the world. With Bitgets backing, Morph can become the settlement hub for the next generation of PayFi and consumer finance.

,said Karry Cheung, CEO of Bitget Wallet.

About Bitget

Established in 2018, Bitget is the worlds leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange aims to help users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices.

Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World‘s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

For more information, visit: Website | Twitter | Bitget Wallet

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About Bitget Wallet

Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions.

Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users assets. Its vision is Crypto for Everyone — to make crypto simpler, safer, and part of everyday life for a billion people.

About Morph

Morph is a next-generation Layer 2 designed for onchain consumer finance. It powers seamless services across payments, savings, identity, and rewards, with products like Morph Pay for consumers and Morph Rails for developers forming the financial infrastructure of the digital economy.