Sui reveals Hashi mainnet backed by over $500 million to bring Bitcoin collateral to DeFi
Sui Network announced the phased rollout of Hashi, a Bitcoin finance layer backed by more than $500 million in capital, enabling native Bitcoin to serve as DeFi collateral while remaining secured on the Bitcoin network.
At the Sui Basecamp event, Sui Network announced the phased release of Hashi, a proprietary Bitcoin finance protocol backed by more than $500 million in committed capital, according to reports from Cointelegraph, CoinGape, and BSCNews. The network is slated to launch within the month.[1][2][3]
Hashi is designed to unlock native Bitcoin as collateral across Sui's decentralized finance ecosystem. According to CoinGape and BSCNews, the protocol allows Bitcoin holders to lend, borrow, and access structured credit using hBTC on Sui while the underlying Bitcoin remains secured on the Bitcoin network.[1][2][3]
Digital asset platform Anchorage Digital has joined the initiative as a launch partner. According to BSCNews, the integration with Anchorage Digital will provide institutional participants with two regulated, compliant avenues to engage: tri-party qualified custody settlement and stablecoin liquidity.[3]
Key facts
- Sui Network announced the phased rollout of its Hashi mainnet during the Sui Basecamp event.
- More than $500 million in capital has been committed to Hashi.
- Hashi allows native Bitcoin to be used as DeFi collateral on Sui, enabling users to lend, borrow, and take structured credit using hBTC.
- The native Bitcoin backing the collateral remains secured directly on the Bitcoin network.
- The protocol is scheduled to launch within October 2026.
- Anchorage Digital is a launch partner, offering institutions access via tri-party qualified custody settlement and stablecoin liquidity.
Sources · 3 sources
- CO
CoinGape@CoinGapeMediaPost on X ·
🇸🇬 SUI BASECAMP: @SuiNetwork announces Hashi mainnet rollout with $500M+ in committed capital, bringing native BTC-backed collateral to Sui DeFi while #Bitcoin remains secured on the Bitcoin network. https://t.co/8r7FoGYlNi
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🇸🇬 SUI BASECAMP: Sui announces Hashi mainnet with $500M committed, enabling native $BTC to be used as DeFi collateral. https://t.co/YcaWoHajTe
Open source - BS
BSCN@BSCNewsPost on X ·
Sui's Hashi Mainnet is now backed by Anchorage Digital Sui Network (@SuiNetwork) has finally revealed the phased release of Hashi, The proprietary Bitcoin finance layer is set to launch within this month, backed by more than $500 million in investment, including Anchorage Digital (@AnchorageDigital) as a launch partner. The protocol will let Bitcoin holders lend, borrow, and take structured credit using $hBTC on Sui, while the native $BTC stays secure on the Bitcoin network. Anchorage Digital integration brings two regulated, compliant ways for institutions to join: tri-party qualified custody settlement and stablecoin liquidity.
Open source