“Sui’s Hashi Protocol to Launch with $500M in Commitments, Enabling Bitcoin-Backed Lending ” — what this page in the network covers. Layer-1 blockchain Sui is set to debut Hashi, an institutional protocol that lets bitcoin holders use their BTC as collateral without moving it off the Bitcoin network. The launch comes with $500 million in commitments, signaling strong early demand from institutional players. Hashi aims to bridge Bitcoin’s liquidity with Sui’s DeFi ecosystem, allowing users to borrow against their bitcoin while keeping it secure in its native chain.
This approach reduces counterparty risk and avoids wrapping or bridging, which have been points of failure in past crypto lending. The protocol is designed for institutions, offering a compliant and capital-efficient way to unlock bitcoin’s value. Sui’s move could intensify competition among layer-1 networks vying for Bitcoin liquidity. For the complete material, the listing points back to the source inside the network.