Babylon Labs to bring Bitcoin liquidity to Sui blockchain

Babylon Labs and Sui Foundation are integrating Bitcoin (BTC) liquidity into the Sui blockchain, enabling BTC holders to stake their assets via Babylon's protocol and receive LBTC, a liquid staking token, on Sui by December. According to International Business Times, the initiative aims to expand Sui’s DeFi ecosystem, unlocking Bitcoin’s $1.8 trillion liquidity for lending, borrowing, and trading. Key partners include Lombard, leveraging its success with $1 billion LBTC on Ethereum and Cubist, providing secure infrastructure for BTC staking and bridging. Leading Sui DeFi protocol NAVI plans to support LBTC pools, further advancing Sui’s programmable and scalable blockchain as a foundation for digital asset innovation.