EL7.AI
CryptoUpdated•Originally published 22 July 2026•Updated 22 July 2026•
1 min read

Hashi Launches Testnet on Sui to Enable Institutional Bitcoin Collateral

Key Facts

1Hashi launched its testnet on Sui, enabling institutions to use native Bitcoin as DeFi collateral.
2The protocol introduces a Guardian Layer to secure the minting of hBTC backed by Bitcoin.

In a move aimed at integrating Bitcoin liquidity into emerging decentralized ecosystems, Hashi has launched its testnet on the Sui blockchain. This launch enables institutional players to utilize native Bitcoin as collateral within DeFi applications. According to reports, the project seeks to bridge Bitcoin's massive liquidity with the expanding Sui network infrastructure.

The protocol introduces a specialized 'Guardian Layer' designed to secure the minting process of hBTC, an asset backed by Bitcoin. This technical innovation is intended to provide institutional-grade security for BTC-backed assets. This development follows a broader sector trend of enhancing cross-chain interoperability for major digital assets.

As the project is currently in its testnet phase, market participants are monitoring technical performance ahead of a full mainnet deployment. Looking ahead, investors are eyeing the U.S. Retail Sales data scheduled for release on July 16, 2026, which may influence broader market sentiment and risk appetite across digital asset classes.

Latest Updates · 1

  1. Notable·

    Update: The project has moved into an active implementation phase, opening the testnet for developers and financial institutions to test credit and collateral management applications. This phase aims to verify the protocol's efficiency in handling complex financial operations using Bitcoin as collateral prior to the mainnet launch.