OKX ignited Aptos DeFi on Thursday, launching xBTC, a completely collateralized wrapped model of Bitcoin, unlocking fee-free, cross-chain liquidity for the community’s $1 billion ecosystem.
Meet xBTC
A token 1:1 backed by Bitcoin and securely held by OKX.
xBTC unlocks a brand new various for BTC holders throughout @Solana, @SuiNetwork, and @Aptos.
Extra to return – watch this area— OKX (@okx) Could 22, 2025
Backed 1:1 by BTC held in OKX custody, xBTC permits customers to entry Bitcoin liquidity inside the Aptos ecosystem with out paying minting or redemption charges.
Beginning Could 22, customers can mint xBTC instantly on OKX and switch it throughout the Aptos blockchain to be used in decentralized finance (DeFi) protocols, together with buying and selling, lending, and Web3 methods.
In line with Jason Lau, Chief Innovation Officer at OKX, this integration is a part of the corporate’s broader imaginative and prescient to develop BTC’s utility throughout on-chain ecosystems.
“By bringing xBTC to Aptos, we’re eager to see Bitcoin holders put their BTC to work in quick, low-cost DeFi functions,” he stated.
The transfer positions Aptos as one of many first high-performance Layer 1 blockchains to natively help xBTC, paving the best way for wider adoption of Bitcoin-backed DeFi merchandise.
Empowering DeFi Innovation on Aptos
The launch of xBTC displays Aptos’ dedication to unlocking new liquidity pathways and increasing real-world monetary use circumstances for digital property.
“Bitcoin is the linchpin between conventional and decentralized finance markets,” stated Ash Pampati, head of ecosystem on the Aptos Basis, including that Aptos’ help for xBTC showcases its scalability and developer-friendly structure.
A launch marketing campaign in collaboration with Aries Markets, Hyperion, and Echo Protocol will additional drive consciousness and person engagement. These integrations are designed to construct momentum for deeper use of xBTC throughout Aptos-native DeFi platforms, offering builders with the instruments and confidence to innovate.
Rising Liquidity and Utility for BTC Holders
Whereas Bitcoin has lengthy been the dominant crypto asset, its position in DeFi has been restricted on account of a scarcity of native sensible contract help. With xBTC, Aptos customers can now deploy BTC capital throughout a rising DeFi ecosystem that already boasts over $1 billion in whole worth locked (TVL).
Echo Protocol’s aBTC has already attracted practically $270 million in TVL, indicating sturdy demand for wrapped Bitcoin options.
xBTC stands out for its transparency, leveraging OKX’s public proof-of-reserves platform to offer verifiable backing for every wrapped token.
This launch strengthens cross-chain interoperability and positions each OKX and Aptos on the forefront of bringing Bitcoin utility to decentralized finance.
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