Sui's Hashi launches with $500M to put idle Bitcoin to work
What's the deal? SuiDealroom has a profile for this one. Try Dealroom → will announce today at Sui Basecamp that its Hashi mainnet goes live this month, backed by more than $500 million in capital commitments from a launch coalition of over 20 crypto firms. Hashi turns native Bitcoin into programmable collateral, letting holders borrow, lend, and access structured products without selling their BTC.
How it works: Bitcoin stays on the Bitcoin network while Hashi coordinates its use as collateral through Sui smart contracts. Lending, borrowing, credit, vaults, and structured products launch with capital already committed via vault providers including AftermathDealroom has a profile for this one. Try Dealroom →, ConcreteDealroom has a profile for this one. Try Dealroom →, and Fluid.
Why now? More than $1 trillion in Bitcoin sits largely idle because institutions have lacked a compliant way to use native BTC in programmable markets. "Bitcoin has already become a global reserve asset, and today, the financial infrastructure around it is catching up," said Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, the original contributor to Sui.
The new partner: Anchorage Digital, home to America's first federally chartered crypto bank, joins as a day-one launch partner and will supply additional stablecoin liquidity. It will open Hashi to clients through two routes.
Two on-ramps: Institutions bound by strict custody and compliance rules can enter through Atlas, Anchorage Digital's tri-party collateral infrastructure. Others can access Hashi directly through Porto, its self-custody wallet, pursuing strategies across lending, yield, and real-world assets.
What's the endgame? Hashi aims to turn long-term BTC holdings into working capital, letting publicly traded companies and digital asset treasuries use Bitcoin as collateral for financing without selling it. "Connecting our institutional clients with Hashi represents a complete paradigm shift and maturation of Bitcoin finance," said Nathan McCauley, chief executive officer and co-founder of Anchorage Digital.
The signal: The launch reflects a broader push to make Bitcoin productive rather than static, with institutions seeking yield on reserve-asset holdings under compliance controls they can accept. With more than 20 heavyweights behind it, Hashi is betting that demand for programmable BTC is ready to scale.
Read more: hackernoon.com
Image credit: antanacoins
