Lombard Finance launches LBTC on Sui

Lombard Finance is expanding its liquid-staking Bitcoin token (LBTC) to the Sui blockchain, marking its first launch on a non-EVM chain, CoinDesk reported. LBTC allows Bitcoin to be used as collateral in DeFi, with Sui’s total value locked (TVL) at $1.3 billion. The token will be supported by Sui Wallet and Phantom Wallet and integrated into Cetus, Navi Protocol and SuiLend.