OKX has officially launched xBTC, a 1:1 wrapped Bitcoin token, on the Solana, Sui, and Aptos blockchains. This launch coincides with Bitcoin reaching a new all-time high price of around $111,000, offering users across these platforms new possibilities for trading, lending, and engaging with DeFi and Web3 applications.
xBTC is a wrapped Bitcoin asset pegged 1:1 to BTC, designed to extend Bitcoin’s usability across multiple blockchains. This enables BTC holders to participate in decentralized finance with faster transactions and lower fees, while maintaining exposure to Bitcoin’s value.
Starting from May 22, 2025, deposits and withdrawals of xBTC on Solana, Sui, and Aptos will be available, allowing seamless cross-chain Bitcoin usage within vibrant multi-chain ecosystems.
Jason Lau, Chief Innovation Officer at OKX, emphasized that the launch aims to provide easy access for Bitcoin holders to leverage their assets in efficient DeFi environments. This move follows OKX’s strategic re-entry into the U.S. crypto market.
Ash Pampati, Head of Ecosystem at Aptos Foundation, highlighted Aptos as a high-performance blockchain built for open finance, with xBTC serving as a key bridge between traditional and decentralized finance. Christian Thompson, Managing Director at Sui, also praised the launch as a significant step in strengthening Sui’s growing Bitcoin DeFi ecosystem.
Key advantages of xBTC include secure 1:1 BTC backing with real-time Proof of Reserves, seamless integration with DeFi protocols for lending and liquidity mining, and frictionless cross-chain transactions through OKX’s infrastructure.
The launch comes amid a strong Bitcoin rally, which recently pushed prices to a new all-time high near $111,746. At the time of reporting, Bitcoin was trading around $111,039, continuing its positive momentum with a 3.37% increase in the last 24 hours. The wider market also reflects growing enthusiasm, with trading volume surging 77% to nearly $91 billion.
This strategic launch positions xBTC and OKX at the forefront of expanding Bitcoin’s utility across emerging blockchain networks and DeFi opportunities.
