Sui’s Hashi Bitcoin Lending Project Prepares For Mainnet With $500 Million Pledged
Summary
Sui’s Hashi project plans a phased mainnet rollout in October, enabling institutions to use Bitcoin as collateral in on-chain financial products through hBTC, a representation of BTC minted on Sui. The Sui Foundation says more than 20 partners have committed over $500 million, and Anchorage Digital is joining to provide custody-based and self-custody access. The commitment figure is not funds already deposited or borrowed. Hashi’s rollout will test whether partners convert pledges into sustained on-chain activity, while its custody, cryptographic and operational assumptions remain relevant risks.
