New tech to power bitcoin lending is set to debut with $500 million in commitments
Layer-1 blockchain Sui is launching Hashi, an institutional protocol allowing holders to use bitcoin as collateral without moving it off the Bitcoin network.
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Summary
- Layer-1 blockchain Sui is launching Hashi, an institutional protocol allowing holders to use Bitcoin as collateral without moving it off the Bitcoin network.
- The system is debuting with $500 million in capital commitments from a coalition of over 20 industry partners to ensure deep day-one liquidity.
- Hashi’s mainnet will roll out in phases, targeting a massive pool of roughly $1 trillion in dormant, institutional Bitcoin.
