Tony Kim
May 22, 2025 05:09
OKX starts XBTC in the SUI network and improves Bitcoin Defi with safe, scalable solutions. This step strengthens the position of SUIS in the BTCFI ecosystem.
In a significant development for the decentralized financial area (Defi), OKX has announced the start of his XBTC assets in the SUI network according to Sui Foundation. This step is expected to strengthen SUI's reputation as a high-performance platform for Bitcoin provider DEFI initiatives.
Improvement of the BTCFI ecosystem from SUIS
Bitcoin holders will benefit from extended options for SUI, since BTC gains assets in the web3 area. Sui has established itself as an impressive player with a comprehensive BTCFI infrastructure that offers a variety of asset options. The introduction of the XBTC of OK-a new stock market image-BBTC assets-strengthens the range of SUIS.
Sui was selected as one of the first three live chains for XBTC and highlights its safe, high-speed and scalable surroundings, which facilitates easier access to Bitcoin Defi. Users can transmit XBTC directly on the OKX Exchange Marten and to any Onchain letter bag, including OKX letter bag, as a native asset for SUI. Remarkable SUI Defi protocols Cetus and Navi should serve as exclusive starting partners for the debut of XBTC in the network.
Strategic partnerships and growth
Jason Lau, Chief Innovation Officer at OKX, emphasized the company's commitment to promote growth and to support decentralized financing. Lau noticed that Okx's call for trustworthiness and transparency underpins the robust security model from XBTC. The introduction of XBTC is expected to introduce a new liquidity rail and to expand the reward strategies for users to SUI, which enhances its position as a leading BTCFI layer -1 blockchain.
Since February, Sui has recorded almost 600 BTC river into its ecosystem thanks to its diverse assets and the safe chain. BTC-supported assets now make up over 10% of the total value of SUI (TVL), a number that continues to rise.
Diversification of BTC-based assets
XBTC joins a growing list of BTC-based assets on SUI, including WBTC, LBTC and SBTC. These assets offer various models, integrations and advantages for onchains, which range from fully decentralized custody to exchanged assets, all of which are available on SUI.
Christian Thompson, Managing Director of the Sui Foundation, emphasized the quick development of Bitcoin Defi on Sui and found that Okx 'decision to bring XBTC into the network underlines the robustness of the BTCFI ecosystem from SUI. This collaboration offers Bitcoin owners the tools required to get involved in defi on SUI.
Continued integrations and future prospects
OKX and XBTC are part of a number of new BTCFI integrations for SUI, including partnerships with stacks, Lombard, Babylon, Cubist, Satlayer and Redstone. These developments position SUI as a first -class goal for the use of Bitcoin in the Defi landscape.
Further insights into XBTC via SUI can be found in the official announcement of the Sui Foundation.
Image source: Shutterstock
