Lombard Finance will launch a Bitcoin-based liquidity pledge token LBTC on Sui

Lombard Finance announces the launch of its Bitcoin-based liquidity collateral token LBTC on the Sui blockchain. This marks its first expansion to non-Ethereum Virtual Machine (EVM) compatible chains, extending LBTC beyond the blockchains it currently uses, including Ethereum, Base and BNB Chain. The aim is to use Bitcoin as collateral for decentralized finance (DeFi) applications.