Sui’s Hashi Bitcoin Lending Project Prepares For Mainnet With $500 Million Pledged

TL;DR: Sui’s Hashi project is preparing for a phased October mainnet rollout with more than $500 million in partner capital commitments. Anchorage Digital is joining as a launch partner, but pledged funding is not the same as value already deployed on-chain . The next battleground for Bitcoin lending is not necessarily a Bitcoin-native blockchain. Sui is preparing to launch Hashi, an infrastructure system designed to let institutions use BTC as collateral in on-chain financial products. The Sui Foundation said on October 8 that Hashi had attracted more than $500 million in capital commitments from a coalition of over 20 partners. Anchorage Digital is joining the project to offer institutional access through custody -based arrangements and a self-custody option. Hashi is designed around a collateral representation called hBTC.

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