OKX Expands Bitcoin Utility with xBTC Launch on Solana, Sui, and Aptos

OKX has taken a significant step in bridging Bitcoin with decentralized finance (DeFi) by launching Wrapped Bitcoin (xBTC) on the Solana, Sui, and Aptos blockchains. This 1:1 Bitcoin-backed token allows users to participate in DeFi ecosystems while maintaining custody of their underlying BTC. The move addresses Bitcoin’s historical limitation of lacking native smart contract functionality, unlocking new yield opportunities for holders.

OKX Launches Wrapped Bitcoin (xBTC) on Solana, Sui, and Aptos

OKX has introduced xBTC, a 1:1 Bitcoin-backed token now available on Solana, Sui, and Aptos blockchains. The exchange custodies the underlying BTC, enabling holders to participate in DeFi without relinquishing ownership.

Bitcoin’s lack of native smart contract functionality has long limited its utility in decentralized finance. xBTC bridges this gap by minting wrapped tokens equivalent to deposited BTC, unlocking yield opportunities across multiple ecosystems.