Sui’s Hashi Bitcoin Finance Network Launches With More Than $500 Million Committed

TL;DR: Hashi, Sui’s native Bitcoin finance infrastructure, will begin a phased mainnet rollout later this month with more than $500 million in committed capital. Anchorage Digital has joined the launch coalition, giving institutional clients routes into Hashi through qualified custody and self-custody infrastructure.

Sui is preparing to bring its Bitcoin finance system to mainnet with something most new DeFi products do not have on day one: half a billion dollars of capital already lined up.

The Sui Foundation said Thursday that Hashi will begin a phased mainnet rollout later this month backed by more than $500 million in capital commitments from its launch coalition.

Anchorage Digital is also joining that coalition as a launch partner.

Hashi is designed to let Bitcoin remain secured on the Bitcoin network while being used as collateral inside financial applications built on Sui.

When BTC enters the system, a corresponding hBTC asset is minted on Sui. That hBTC can then interact with lending markets, vaults and other applications. When the position is unwound, hBTC is burned and the underlying Bitcoin is released.

The distinction between that model and a conventional wrapped Bitcoin token is central to the pitch.