Sui’s Hashi Network to Launch with $500 Million in Capital
- Hashi, Sui’s native Bitcoin finance infrastructure, will roll out its mainnet later this month.
- The rollout is backed by over $500 million in capital commitments from a launch coalition including BitGo, Bullish, and Ledger.
- Anchorage Digital joins the coalition, offering institutional clients access through qualified custody and self-custody infrastructure.
- Hashi allows Bitcoin to remain secured on its network while being used as collateral within Sui’s financial applications.
- The system mints hBTC assets on Sui for interactions with lending markets and other applications, burning hBTC when positions are unwound.
The Hashi network aims to provide institutions a way to utilize Bitcoin as programmable collateral without moving it into separate ecosystems. This initiative is significant due to the large capital commitment of over $500 million before the phased launch begins.
With Anchorage Digital’s participation, institutional clients can leverage existing Bitcoin holdings productively without selling or moving them off-network, potentially transforming how large Bitcoin positions are managed in financial markets. (Source)
