Lombard, Babylon, and Cubist Join Forces to Bring Bitcoin to Sui

Discover how the Sui Foundation, Babylon Labs, Lombard, and Cubist are revolutionizing DeFi by bringing Bitcoin liquidity to Sui.

Sui Foundation, in collaboration with Babylon Labs, Lombard, and Cubist, is bringing Bitcoin liquidity into the Sui Blockchain ecosystem in an ambitious new initiative. This partnership aims to revolutionize decentralized finance (DeFi) by enabling Bitcoin (BTC) holders to unlock the value of their assets through Sui’s advanced Layer-1 blockchain.

At the heart of this collaboration is LBTC, a liquid staking token that allows BTC holders to stake their Bitcoin via Babylon’s protocol and receive LBTC, natively minted on Sui. By December, LBTC is set to become a core asset in Sui’s DeFi ecosystem, paving the way for lending, borrowing, and trading while unlocking Bitcoin’s $1.8 trillion liquidity potential.

"Babylon builds native use cases for BTC to bring Bitcoin security and liquidity to decentralized systems," said Fisher Yu, Co-founder and CTO of Babylon Labs. "We are excited that Sui shares this vision and is collaborating with us to make this a reality."

Lombard, a proven leader in liquid staking, brings a wealth of experience to the project. Its flagship LBTC token has already surpassed $1 billion in minted assets on Ethereum, with over half actively utilized in DeFi applications. Lombard’s expertise demonstrates the transformative power of Bitcoin liquidity in decentralized ecosystems. "Bitcoin’s $1.8 trillion market capitalization represents immense untapped potential," said Jacob Phillips, Co-founder of Lombard. "Together, we’re building a future where Bitcoin holders can fully participate in next-generation on-chain finance."

Cubist, meanwhile, provides the infrastructure to seamlessly integrate BTC into Sui. Its robust key management systems ensure the highest levels of security and performance for deposits, staking, minting, and bridging. "Bringing BTC into Sui is a match made in heaven," said Jameel Khalfan, Head of Ecosystem Development at the Sui Foundation. "This collaboration will empower users from all blockchain ecosystems to engage with Sui’s vibrant financial services environment, where Bitcoin plays a key role."

The integration of LBTC has already garnered significant interest within the Sui DeFi community. NAVI, a leading borrow-lend protocol, has announced plans to support LBTC pools, further enhancing Sui’s ecosystem. "This collaboration marks the beginning of a revolutionary era for Sui and Bitcoin," said Elliscope Fang, CEO of NAVI. "We’re excited to work with Babylon Labs, Lombard, and Cubist to bring the value of staked Bitcoin to Sui DeFi users."

Sui’s programmability and composability make it an ideal platform for unlocking Bitcoin’s potential. Its horizontally scalable architecture enables rapid transaction processing and low-cost storage, addressing Bitcoin’s on-chain limitations while supporting a wide array of financial applications. By combining Bitcoin’s unparalleled liquidity with Sui’s innovative technology, this partnership lays the groundwork for a new era of decentralized finance, creating opportunities for BTC holders to engage in DeFi without compromising security or liquidity.

With LBTC set to launch on Sui this December, the collaboration between the Sui Foundation, Babylon Labs, Lombard, and Cubist promises to redefine the role of Bitcoin in DeFi, making financial innovation accessible to a broader audience while unlocking Bitcoin’s immense value.

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