OKX Launches xBTC in Sui’s Thriving Bitcoin DeFi Ecosystem

OKX has launched xBTC—a fully backed, exchange-native Bitcoin asset—on the Sui blockchain, reinforcing Sui’s position as a leading hub for Bitcoin-powered DeFi. This integration brings new liquidity, yield opportunities, and infrastructure diversity to Sui’s growing BTCfi ecosystem.

Key Ideas

xBTC is minted 1:1 with BTC on OKX and can be withdrawn to Sui as a native asset, enabling users to lend, trade, and earn yield through protocols like Cetus and Navi. This expands Sui’s BTCfi arsenal alongside WBTC, LBTC, and sBTC, offering a range of custody and utility models.
With over 10% of Sui’s TVL now in BTC-backed assets and nearly 600 BTC bridged since February, the network is rapidly becoming a go-to destination for Bitcoin holders seeking secure, high-performance DeFi access.