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CryptoMediumUpdated•Originally published 20 March 2026•Updated 20 March 2026•

1 min read

Sui Foundation Launches Hashi Protocol to Enable Bitcoin-Backed Lending and Yield

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Key Facts

1The Sui Foundation announced the launch of Hashi, a decentralized primitive designed to enable BTC-backed lending and yield opportunities.

3 months ago

Version History

Version 13 months ago

What changed: Added details regarding high-profile institutional partners and specific technical features including a credit layer and Bitcoin-denominated insurance.

The Sui Foundation has introduced Hashi, a decentralized protocol designed to integrate native Bitcoin into the Sui financial ecosystem. The protocol's infrastructure is backed by major institutional partners, including BitGo, Bullish, FalconX, and Ledger, ensuring robust support for its rollout. Technical features of the system include cross-chain tracking smart contracts, a dedicated credit layer, and a unique Bitcoin-denominated insurance product. Hashi specifically prioritizes custody and liquidity solutions to facilitate BTC-backed lending and diverse yield-generating opportunities. With the devnet launch scheduled for March 19, 2026, the protocol aims to bridge Bitcoin’s massive liquidity into Sui’s growing DeFi space. This integration is expected to significantly boost the network's Total Value Locked (TVL) and drive broader institutional adoption through compliant on-chain services.