Hashi launches on the Sui blockchain to bring Bitcoin lending, yield, and DeFi services with support from BitGo, Bullish, and FalconX institutions.
A new finance protocol called Hashi plans to bring Bitcoin into decentralized finance. The project is being built on the Sui blockchain. Developers say that the idea is to allow Bitcoin holders to earn yield. Several large crypto institutions have already promised early participation.
Hashi Plans to Unlock Bitcoin Lending and Yield Markets
Hashi will enable people to lend, borrow, and earn rewards with Bitcoin. The team said the value of Bitcoin has a market value of more than $1 trillion. However, less than half of 1% of Bitcoin is used in decentralized finance today. Therefore, the project is interested in unlocking this unused liquidity.
Introducing Hashi: a new era of Bitcoin finance on Sui.
Bitcoin’s market cap exceeds $1 trillion. < 0.5% of it is used in DeFi.
Hashi is here to change that, with commitments from industry leaders including BitGo, Bullish, Erebor Bank, FalconX, Fordefi, Ledger, and more. pic.twitter.com/THahaevmp4
— Sui (@SuiNetwork) March 19, 2026
The protocol is first being launched on a test network. After which, developers are planning a full launch later this year. Institutions including BitGo, Bullish, FalconX, Erebor Bank, Ledger, and Fordefi agreed to support the system. Such firms might provide Bitcoin or stablecoins for lending.
_Related Reading: _****EVE Frontier Migrates to Sui, Opens Builder Modding
At the time of launch, lending will be the primary feature. Users will be able to borrow stablecoins by using Bitcoin as collateral. The system will be able to move assets across blockchains automatically. Because of this, Bitcoin users can use with no selling of their holdings.
The project also focuses on institutional investors. Clients of custody companies such as BitGo and Ledger can participate on the platform. Self-custody users will also receive access. This design is intended to link with large investors and connect them to decentralized finance tools.
The system will remain transparent and regulated, the developers said. Users will see interest rates, collateral value, and borrower health in real-time. This feature is important for institutions that need clear risk controls.
Institutions, Insurance, and Bonds Planned for Hashi Platform
Large trading company FalconX and digital asset trading platform Bullish agreed to participate in the launch. Erebor Bank is also planning to assist with deposits and withdrawals. Stablecoins will be important in credit creation on the platform.
Hashi will also use the price data from CF Benchmarks. This company offers index data for many crypto markets. Oracle networks will transfer this data to the blockchain. Due to this reason, lending prices can remain accurate and verifiable.
Security is the other focus of the project. Insurance provider Soter Insure plans to protect Bitcoin used as collateral. The policy will include risks such as theft or loss. Payments and claims will occur in Bitcoin according to the asset value.
Investment firm Wave Digital also revealed plans. The company would like to issue bonds backed up by Bitcoin using Hashi. These bonds may help institutions raise money faster. It may also enable instant trading and settlement in the design.
A number of Sui blockchain apps will be available for Hashi from the first day. AlphaLend, Navi, Scallop, and Suilend intend to link their services. Users will associate Bitcoin and Sui addresses to ensure that transactions are kept transparent.
Mysten Labs co-founder, Adeniyi Abiodun, said Hashi can unlock trillions in Bitcoin liquidity. He added that new financial services will be built on top of the system by developers. The launch could demonstrate how Bitcoin can function within the contemporary DeFi markets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin's BIP-361 Quantum Fix Splits Community Over Address Freezing
A proposed Bitcoin improvement to address quantum vulnerability has divided the cryptocurrency community over whether to freeze legacy addresses, including those attributed to Satoshi Nakamoto. The BIP-361 proposal, which went live on April 14, has sparked debate between prominent figures including
CryptoFrontier11m ago
Zonda Exchange Discloses 4,500 BTC Cold Wallet as Private Keys Remain Untransferred
Zonda, a Polish crypto exchange, revealed a cold wallet with 4,503 BTC amid a withdrawal crisis. CEO Przemysław Kral addressed fund misappropriation allegations and promised legal action against false claims, emphasizing that private keys were never transferred due to the former CEO's disappearance.
GateNews36m ago
Ben McKenzie Slams Bitcoin on Jon Stewart Show
Actor Ben McKenzie appeared on The Weekly Show with Jon Stewart on Aug. 14 in a segment titled "The Other Side of Bitcoin: Crypto Corruption," where he delivered a sharp critique of Bitcoin and the broader cryptocurrency industry. McKenzie, known for his film and television work, has become a
CryptoFrontier50m ago
BTC edges up 0.46% in 15 minutes: institutional fund outflows and macro risk-off sentiment in sync drove the move
From 15:00 to 15:15 (UTC) on 2026-04-16, BTC logged a +0.46% return within 15 minutes. The price fluctuated in a range of 73,939.7 to 74,440.0 USDT, with an amplitude of 0.68%. During this time window, market attention increased, short-term volatility intensified, and fund-flow characteristics changed noticeably.
The main driver of this deviation is the continued outflow of large amounts of capital from exchanges. According to on-chain data, in the past 24 hours the net flow was -14,408.84 BTC, mainly concentrated in large transfer ranges of more than $1 million (especially>$10M net outflow -12,987.03 BTC). This shows that institutions and large holders actively reduced their BTC holdings on exchanges, and short-term selling pressure was significantly lowered. Against the backdrop of persistently weak liquidity, with order book depth remaining at a low level for a long time, the price has become more sensitive to medium-sized buy orders—amplifying the impact of even modest inflows on spot market price action.
In addition, macro conditions changed in parallel and produced a synchronized effect: easing geopolitical tensions in the Middle East boosted overall market sentiment. International gold prices rose, global equity markets hit new highs, and the market re-evaluated the probability of the Federal Reserve cutting rates within the year, further increasing investor attention to safe-haven assets (including BTC). At the same time, on-chain data indicates that the “whale” trading activity during this phase is at an annual low (>$1M transfers fell to 1,485 transactions). With heavy market wait-and-see sentiment and limited short-term supply, BTC’s responsiveness to sudden buy-side capital was further enhanced.
Investors should be reminded that current market liquidity is still fragile. Insufficient order book depth increases the market’s sensitivity to large capital movements, and short-term volatility may intensify. Going forward, focus on further shifts in on-chain large-fund flows, changes in price action as it breaks through support or resistance regions, and the risks and opportunities brought by related macro policies and geopolitical developments. Please continue to track key data and stay alert to any sudden shocks during the period of abnormal moves.
GateNews1h ago
Bitcoin Transactions Face 70-Page Tax Filing Burden Annually
According to Nicholas Anthony of the Cato Institute's Center for Monetary and Financial Alternatives, spending Bitcoin on everyday purchases creates an unexpected tax compliance nightmare. The IRS treats Bitcoin as property, not currency, meaning every transaction—even a $5 coffee
CryptoFrontier2h ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 16
Gate News message, according to the April 16 update, Bitcoin ETFs recorded a 1-day net inflow of +2,855 BTC (+$209.95M) and a 7-day net inflow of +11,849 BTC (+$871.52M). Ethereum ETFs showed a 1-day net inflow of +15,477 ETH (+$35.44M) and a 7-day net inflow of +90,366 ETH (+$206.94M). Solana ETFs
GateNews2h ago
