Published • loading... • Updated
Sui’s Hashi Bitcoin Network to Launch With $500M in Capital Commitments
Hashi will let institutions use Bitcoin as collateral on Sui, backed by launch partners and vault providers.
- On Thursday, the Sui Foundation announced Hashi, a Bitcoin finance network developed by Mysten Labs, with more than $500 million in capital commitments from launch partners.
- Nathan McCauley, CEO and Co-Founder of Anchorage Digital, stated that institutional Bitcoin holdings remain constrained by existing technology and DeFi limitations, restricting capital utility.
- Anchorage Digital joined the launch coalition alongside more than 20 companies including BitGo, Bullish, Cumberland, FalconX, and Ledger, offering settlement and self-custody services.
- Aftermath, Concrete, and Fluid will operate Hashi vaults for financial products, while users exiting the system trigger token burning and Bitcoin return to the network.
- The Sui Foundation said third parties will independently create financial products using the infrastructure, positioning Hashi within Sui's expanding Bitcoin and DeFi ecosystem.
Insights by Ground AI
15 Articles
15 Articles
Crypto Breaking NewsReposted by 
BITRSS
BITRSSSui Hashi to Debut With $500M in Bitcoin-Backed Finance Commitments
Mysten Labs’ Hashi Bitcoin finance network is set to begin a phased rollout in October, backed by more than $500 million in capital commitments from its launch partners, according to a Thursday announcement from the Sui Foundation. Hashi is designed to let applications on Sui use Bitcoin as collateral without requiring users to hold native [...]
Sui's Bitcoin Hashi Finance Network begins deployment in October with more than $500 million in commitments, according to Cointelograph
Coverage Details
Total News Sources15
Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium
