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New tech to power bitcoin lending is set to debut with $500 million in commitments
Publication: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Authors: Omkar Godbole, AI Boost
Source published: 09/10/2026, 06:40:54 UTC
Briefing created: 15/11/2026, 01:41:10 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 09/10/2026, 06:55:24 UTC.
Briefings
Bitcoin lending protocol Hashi is launching on the Layer-1 blockchain Sui, enabling institutional holders to use Bitcoin as collateral without moving assets off the Bitcoin network. This initiative represents a significant expansion of Bitcoin's utility within the DeFi ecosystem, allowing for on-chain lending operations that leverage the network's native security and speed. The project aims to bridge the gap between Bitcoin's traditional value and modern financial services by utilizing Sui's high-performance infrastructure.
Key points
- Hashi protocol is launching on the Sui blockchain to enable Bitcoin collateralization without asset off-chain movement.
- The protocol targets institutional adoption by leveraging Sui's high-performance infrastructure for on-chain lending operations.
Context
Bitcoin lending protocols have gained traction in the DeFi sector, but moving assets off-chain introduces security and regulatory complexities. Hashi addresses this by utilizing Sui's native security model, potentially expanding Bitcoin's role in institutional finance.
Limitations
Evidence is limited to the launch announcement; specific metrics on collateral ratios, transaction volumes, or user adoption rates are not provided. The protocol's operational timeline and performance data remain unverified.
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