Tony Kim
May 22, 2025 05:09
OKX launches XBTC in the SUI network to improve Bitcoin Defi with a safe and expandable solution. This movement strengthens the position of the SUI in the BTCFI ecosystem.
According to SUI FOUNDATION, OKX announced that it has announced the launch of XBTC assets in the SUI network in a significant development of the Distributed Finance (Defi) sector. This move is expected to strengthen the reputation of SUI as a high -performance platform for Bitcoin driving Defi initiative.
SUI’s BTCFI ecosystem improvement
Bitcoin holders are set to take advantage of SUI’s expansion options because BTC support assets are traction in the web3 space. SUI has been a powerful player with a comprehensive BTCFI infrastructure, providing a variety of asset options. The introduction of XBTC of OKX, an new Exchange Native BTC asset, enhances sui proposals.
The SUI is selected as one of the first three live chains of XBTC, emphasizing a safe, high -speed and expandable environment, making it easy to access Bitcoin Defi. The user can use the XBTC directly from the OKX Exchange to send the OKX wallet to the OKX wallet as the default asset of the SUI using MINT. Cetus and NAVI, the notable SUI Defi protocol, will serve as an exclusive partner for XBTC debut on the network.
Strategic partnership and growth
Jason Lau, the chief innovation officer of OKX, emphasized the company’s promise to promote Onchain growth and support distributed finance. LAU pointed out that the reputation of OKX’s reliability and transparency supports XBTC’s strong security model. The launch of XBTC is expected to strengthen its position as one block chain of major BTCFI layers by introducing new liquidity rails for SUI users and expanding compensation strategies.
Since February, SUI has flows almost 600 BTC to ecosystems thanks to various asset options and safe chains. BTC support assets now account for more than 10% of SUI’s total value lock (TVL), which is increasing.
BTC -based asset diversification
XBTC is increasing in BTC -based assets in SUI, including WBTC, LBTC and SBTC. This asset offers a variety of models, integration and onchain benefits, from completely decentralized custody to exchange issuance assets.
Christian Thompson, the executive director of Sui Foundation, emphasized the rapid evolution of Bitcoin Defi to the Sui, and pointed out that the decision to bring OKX’s XBTC to the network emphasizes the robustness of SUI’s BTCFI ecosystem. This collaboration provides Bitcoin holders with the tools needed to participate in the Defi for the SUI.
Continuous integration and future prospects
OKX and XBTC are part of the recent BTCFI integration of SUI, including partnerships with Stacks, Lombard, Babylon, Cubist, Satlayer and Redstone. Such development is located as the best destination for using Bitcoin in the Defi environment.
For more information about XBTC of SUI, visit the official announcement of SUI FOUNDATION.
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