Lombard Launches on Sui

LBTC is now available on Sui, bringing the first institutional-grade liquid staked Bitcoin to one of the fastest-growing Layer 1 ecosystems. This integration expands LBTC’s presence beyond EVM chains and represents a key milestone in Lombard’s multi-chain strategy, positioning LBTC as the premier staked bitcoin asset in Sui’s DeFi landscape. With LBTC, institutional and retail users can mint LBTC natively from BTC on Sui, bridge LBTC from EVM chains, and access lending, borrowing and liquidity opportunities with the speed, security, and efficiency of Sui.

As the only blockchain built for mass adoption, Sui is designed for scale, offering a high-performance Layer 1 blockchain and boasting a unique object-based architecture that enables parallel transaction execution, low fees, and seamless composability. Over the past year, Sui has seen significant growth in adoption worldwide, with total DEX volume recently surpassing $67 billion and 30-day volume standing at 6th among all blockchains.

With LBTC now live on Sui, Bitcoin holders can:

• Stake native BTC to mint LBTC directly on Sui, providing users with liquidity without having to sell Bitcoin.
• Lend and borrow LBTC to earn yield or use it as collateral
• Trade LBTC on Sui’s leading decentralized exchanges and provide liquidity to LBTC trading pairs to earn yield.
• Enjoy additional yield incentives for LBTC deposits on Sui

At launch today, LBTC is integrated with Sui’s leading DeFi protocols, including BlueFin, Cetus, Navi Protocol, Aftermath, Turbos, and SuiLend, providing holders instant access to lending markets, decentralized exchanges, and structured yield opportunities. LBTC on Sui is also easy to access from day one, with full support for Sui Wallet, OKX Wallet and Phantom Wallet. DeFi integrations are made possible with a LBTC/USD price feed by RedStone Oracles.

"We are proud to extend our proven approach to Bitcoin liquidity by bringing LBTC to Sui, the first non-EVM chain in our holistic industry strategy. With over $2 billion in minted assets, our flagship LBTC token has demonstrated the strong demand for Bitcoin LSTs across chains. This strategic move to Sui reflects our commitment to driving Bitcoin adoption in innovative blockchain ecosystems, ensuring that Bitcoin holders can seamlessly participate in the future of on-chain finance while maintaining the highest standards of security and liquidity,” said Jacob Phillips, Co-Founder of Lombard.

Institutional adoption of Bitcoin in DeFi has long been hindered by liquidity fragmentation and security concerns. LBTC addresses these challenges by offering a secure, transparent, and institutionally viable gateway to deploy Bitcoin across blockchain ecosystems. Lombard’s expansion into Sui is part of a broader effort by Lombard to ensure that BTC liquidity is accessible, secure, and optimally deployed. Lombard has proven the demand for LBTC on EVM networks, where LBTC has grown to nearly $2 billion in just 6 months, and over half of LBTC is actively deployed in Aave, Pendle, Morpho, and other DeFi protocols.

“Sui's high-performance architecture is uniquely suited for capital-efficient Bitcoin DeFi, and the integration of LBTC further underscores Sui’s push to aggressively grow this promising sector on the network. This integration is a significant step forward as Sui continues building a robust ecosystem where Bitcoin holders—both institutional and retail—can put their assets to work without friction,” said Mysten Labs Co-founder and CEO, Evan Cheng.

Compared to other Layer 1s, Sui stands out for its developer-friendly environment, high transaction throughput, and a rapidly growing financial ecosystem. As institutions increasingly seek scalable and capital-efficient blockchain solutions, Sui offers a compelling foundation for the next generation of decentralized finance.

About Sui Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences.

For more information about Sui, please visit https://sui.io.