Odaily News According to official news, OKX will officially launch the packaged Bitcoin asset xBTC on May 22, 2025, and simultaneously open the deposit and withdrawal services of the three major public chains of Solana, Sui, and Aptos. Through xBTC, users can seamlessly participate in the multi-chain DeFi ecosystem, support on-chain functions such as lending and liquidity mining, and further realize the multi-chain liquidity and revenue expansion of BTC. In addition, OKX Wallet will also gradually launch revenue products around xBTC, access to ecological head DeFi protocols such as Solana, Sui, and Aptos, enjoy additional ecological incentives, and users can easily participate in one-stop operation.
It is reported that xBTC is a packaged Bitcoin issued by OKX, which strictly follows the 1:1 reserve mechanism. Users can withdraw BTC from the exchange to the target chain and obtain xBTC of equal value; they can also recharge xBTC back to the exchange through the target chain and exchange it for BTC. The platform verifies asset transparency in real time through the on-chain Proof of Reserves (PoR) to further ensure the security of user assets.