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International Business Times

Business

Marvie Basilan

Sui Foundation Partners With Babylon Labs, Lombard And Cubist For Programmable Bitcoin

SUI Bitcoin Babylon Navi blockchain

Sui is a major layer 1 blockchain designed to enable digital ownership within a fast, private, secure, and accessible-to-all environment. (Credit: Sui X Video/Screenshot)

KEY POINTS

$BTC holders will soon be able to stake Bitcoin through Babylon's staking protocol
The teams are building a future where $BTC holders can participate in on-chain finance without compromising security or liquidity: Lombard co-founder
Users from all blockchain ecosystems can now come to Sui to participate in an environment where $BTC plays a role: Cubist head of Ecosystem Development
NAVI has signaled interest in working with Babylon to support $LBTC pools on the protocol

Bitcoin security project Babylon Labs and leading developer of secure Bitcoin infrastructure today jointly announced a strategic initiative to integrate BTC with Sui, the layer 1 blockchain and smart contract platform, which aims to onboard Bitcoin liquidity to the Sui ecosystem.

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