BlockBeats news, on March 20, according to official announcements, the Sui Network has officially launched the new project Hashi, aimed at ushering in a new era of Bitcoin finance, and has received support from industry institutions including BitGo, Bullish, Erebor Bank, FalconX, Fordefi, and Ledger.
The project is now live on Sui’s development network (Devnet), aiming to bring core financial services such as credit issuance and lending into the Bitcoin ecosystem within a transparent and compliant environment. Hashi seeks to enable large-scale institutional participation in Bitcoin, enhancing the capital efficiency and financial depth of the entire ecosystem.
Through Hashi, Bitcoin holders—whether institutional or retail—will be able to earn yield, borrow, or collateralize loans while holding BTC. At the same time, the platform provides developers with the infrastructure to build innovative financial products, enabling BTC to be activated and utilized in a wider range of real-world scenarios.